Remember that lost feeling you had the first time you thought about investing or buying life insurance? Or maybe that feeling isn’t in the past and those things are still pretty scary and overwhelming. NJ lawmakers are hoping our kids won’t have the same money issues. Thanks to a new law, NJ middle schools will now be required to introduce financial literacy into their curriculums beginning starting in September.
“Financial responsibility is an important acquired and learned life skill and with the increasing financial challenges millennials face, it is a skill that must be a necessary part of our educational curriculum,” said Acting Governor Sheila Oliver, who signed the bill into law at President Barack Obama Elementary School in Jersey City. “Governor Murphy and I are happy to partner with the Legislature by signing this bill today to help New Jersey students learn how to effectively manage their personal finances and help set them up for success in life.”
The new bill requires NJ school districts to teach financial literacy to sixth through eighth grade. That means learning about budgeting, saving, credit, debt, insurance, investment and everything else “associated with personal financial responsibility” to lead them to “sound financial decision-making.”
Read the bill here.