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NJ A1414

Requires financial literacy instruction to pupils enrolled in grades six through eight.*


summary

Introduced
01/09/2018
In Committee
10/18/2018
Crossed Over
12/17/2018
Passed
12/17/2018
Dead
Signed/Enacted/Adopted
01/03/2019

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill directs the State Board of Education to require that a school district incorporate in each of the grades kindergarten through eight financial literacy instruction to pupils enrolled in those grades. The purpose of the instruction will be to provide elementary and middle school students with the basic financial literacy necessary for sound financial decision-making. The instruction must meet the requirements established by the State Board and must: be appropriate to, and reflect the age and comprehension of, the students enrolled in the particular grade level; and include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the State Board.

AI Summary

This bill directs the State Board of Education to require that all school districts incorporate financial literacy instruction for students in grades 6 through 8. The purpose is to provide middle school students with the basic financial knowledge necessary for sound financial decision-making. The instruction must be age-appropriate, cover topics like budgeting, savings, credit, debt, insurance, and investment, and meet requirements established by the State Board. The Commissioner of Education will provide schools with sample instructional materials and resources to support the implementation of this financial literacy requirement.

Committee Categories

Education

Sponsors (20)

Last Action

Approved P.L.2018, c.167. (on 01/03/2019)

bill text


bill summary

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