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New York receives ‘B’ grade for personal finance education in high schools

New York has been graded a ‘B’ in personal finance education for high school students, according to a recent assessment by The Center for Financial Literacy at Champlain College in Burlington, Vermont.


This ranking places New York alongside twenty other states that mandate some level of personal finance education but do not require a semester-long standalone course, which would merit an ‘A’ grade.

Currently, New York’s high school curriculum includes only about 15 hours of personal finance instruction within a 12th-grade economics course. Advocates emphasize the breadth of topics that could be covered in a more comprehensive semester-long course, such as budgeting, taxes, credit scores, saving for retirement, understanding interest rates, income expectations across various careers, and avoiding risky financial practices like payday loans.

They suggest three approaches for states to incorporate a required semester-long personal finance course: As a replacement for an elective, as an additional graduation requirement, or as a course that counts towards multiple graduation requirements.

To combat this inequity, Pelletier urges the adoption of statewide policies.