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A Senate committee has released a bill that establishes a pilot program to provide personal-finance instruction to elementary school students.
The bill, S-541, was released on Feb. 14 by the Senate Budget and Appropriations Committee. It would establish the “Youth Investor Club Pilot Program,” which would provide elementary students in six school districts with instruction on the basics of personal finance—including concepts such as savings, debt, investments, mortgages and taxes.
Students will be encouraged to make monthly deposits to personal savings accounts and to develop long-term savings goals. The program will also provide learning opportunities such as field trips to financial institutions and guest speakers on financial topics.
The Commissioner of Education would select the six participating districts. When the program is complete, the commissioner would report to the governor and the Legislature on the feasibility of implementing the program on a statewide basis. The bill is sponsored by Senators Shirley Turner and John Girgenti. |