New York state lawmakers are considering several bills this session that would mandate financial literacy classes across New York state public schools.
Tim Ranzetta, co-founder of Next Gen Personal Finance, said such a course develops students’ critical life skills and collaboration.
Ranzetta also said The Board of Regents has been on a tour listening to students, teachers, parents and administrators.
“It’s not only preparing students to be adults but also preparing them academically and how to think critically," Ranzetta said.
Seventeen states already require a class on financial literacy before high school students graduate.
In New York, the topic is taught as part of an economics course, but advocates say the current structure does not go in-depth into how students can properly manage their money.