Sponsored by:
Senator DAWN MARIE ADDIEGO
District 8 (Atlantic, Burlington and Camden)
Senator RONALD L. RICE
District 28 (Essex)
Co-Sponsored by:
Senators Stack and Ruiz
SYNOPSIS
Requires financial literacy instruction to pupils enrolled in grades kindergarten through eight.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning public school instruction on financial literacy and supplementing chapter 35 of Title 18A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The State Board of Education shall 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 shall be to provide elementary and middle school students with the basic financial literacy necessary for sound financial decision-making.
The instruction shall meet the requirements established by the State board and shall:
a. be appropriate to, and reflect the age and comprehension of, the students enrolled in the particular grade level; and
b. include content on budgeting, savings, credit, debt, insurance, investment, and other issues associated with personal financial responsibility as determined by the State board.
The State board shall provide school districts with curriculum and sample instructional materials that may be used to support the implementation of the financial literacy instruction requirement.
2. This act shall take effect immediately and shall first be applicable to the first full school year following enactment.
STATEMENT
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.