(TRENTON) – Legislation co-sponsored by Assemblywoman Eliana Pintor Marin to require school districts in New Jersey to teach financial literacy to elementary and middle school students received final legislative approval from the Senate on Monday and now heads to the governor’s desk.
The bill (A-3396), which was previously approved by the Assembly, would direct the State Board of Education to require school districts to incorporate financial literacy instruction into the curriculum for students enrolled in kindergarten through eighth grade.
“The earlier we instill this message, the better financial decisions they will make as adults,” said Pintor Marin (D-Essex).
Under the bill, the instruction must 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 must provide curriculum and sample instructional materials that may be used by school districts to support the implementation of the financial literacy instruction requirement.
The bill would take effect immediately upon enactment and be applicable to the first full school year following enactment.
The legislation was also co-sponsored by Assembly Democrats Angela McKnight, Nicholas Chiaravalloti, Jamel Holley, Benjie Wimberly and Annette Quijano.