Young people in New York have a great knowledge of many subjects, but they have much to learn about personal finance.
Many states have already incorporated financial education into the school curriculum, with some starting lessons as early as kindergarten. Twenty states, including Utah, Rhode Island, Tennessee, Ohio, and West Virginia, require students take a personal finance class to graduate high school. New York should get with the program.
I issued an Executive Order on Financial Literacy in 2019 directing my office to identify ways to enhance New York State residents’ personal finance knowledge and understanding on issues such as mortgages, student loans, credit card debt and more.