New Jersey Bill To Require Finance 101 In High Schools

Wow, New Jersey. Looks like I might have been wrong about you. NJ’s Senate Education Committee is taking both a reactive and proactive stance against the American economy with plans to, gasp, educate teenagers on fiscal responsibility.

High school seniors would be taught how to write a check, manage credit card debt and obtain a mortgage under a bill advanced in the New Jersey Senate.

The Senate Education Committee approved a pilot program in personal financial education despite concerns about overloading the high school curriculum.

Sen. Jim Whelan, D-Absecon, expressed concerns about adding requirements to the high school curriculum without extending the length of the school day.

The New Jersey Education Association says financial lessons can be incorporated into existing coursework in business, economics, math or home economics.

While I’d hoped they’d highlight how to avoid credit card debt instead of just how to manage it I think this effort should be applauded.

Of course, the dissenting voice had to come from a Democrat senator who is concerned about the burden this incredibly beneficial education could cost. He probably thinks it’d be easier for the rest of us to just subsidize their ignorance-induced bankruptcy later down the road.

I wonder if there is an extra desk for Timothy “I owe taxes on income? That’s crazy!” Geithner.

Share this Right Soup with others: