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Should New York High Schools Be Required to Teach Financial Literacy?

Stuyvesant High School added a personal finance class to its offerings of electives last year at the behest of students, who used the pages of the school's newspaper to call for the course, covering topics like banking and credit cards, student loans and how to create and stick to a budget. “This is something that every kid kind of needs to do, and we are kind of thrown into doing it on our own time, without any guidance,” senior Anisha Shinghal explained.

A bill that would require high school students across the state to take a personal finance course has been introduced a number of times in the Albany legislature dating back to 2009, but has yet to pass. The most recent version, sponsored last year by State Sen. Leroy Comrie, would have amended the state’s education law to mandate students complete a pass/fail course on financial literacy as a requirement for graduation.

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