Bill Text: NJ A3204 | 2014-2015 | Regular Session | Introduced
Bill Title: Requires public schools to include instruction on personal financial literacy as part of core curriculum content standards.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2014-05-15 - Introduced, Referred to Assembly Education Committee [A3204 Detail]
Download: New_Jersey-2014-A3204-Introduced.html
Sponsored by:
Assemblyman CARMELO G. GARCIA
District 33 (Hudson)
Assemblywoman NANCY J. PINKIN
District 18 (Middlesex)
Assemblyman JASON O'DONNELL
District 31 (Hudson)
SYNOPSIS
Requires public schools to include instruction on personal financial literacy as part of core curriculum content standards.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning public school instruction on personal 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. Each board of education which operates an education program for public school students in grades 6 through 12 shall provide instruction on personal financial literacy, as part of the Core Curriculum Content Standards in 21st Century Life and Careers. The instruction shall include, but need not be limited to, the following areas: income and careers; money management; credit and debt management; planning, saving, and investing; becoming a critical consumer; civic financial responsibility; and risk management and insurance.
The 21st Century Life and Careers curriculum framework developed by the Department of Education shall include sample learning activities and resources designed to implement this requirement.
2. This act shall take effect immediately and shall first apply to the 2014-2015 school year.
STATEMENT
This bill requires each board of education to include instruction on personal financial literacy for public school students in grades 6 through 12, as part of the Core Curriculum Content Standards in 21st Century Life and Careers. The bill requires the instruction to include the following areas: income and careers; money management; credit and debt management; planning, saving, and investing; becoming a critical consumer; civic financial responsibility; and risk management and insurance.
Currently, under State Board of Education high school graduation requirements, high school students must complete 2.5 credits in financial, economic, business, and entrepreneurial literacy as a condition of high school graduation.
