New NJ law requires financial literacy course in middle schools

JERSEY CITY, N.J.  — Financial literacy courses are now required for New Jersey’s middle-schoolers under a new bipartisan measure signed into law.

Acting Gov. Sheila Oliver signed the measure Thursday in Jersey City. The new law goes into effect immediately and will apply for the school year starting in September.

The measure requires the State Board of Education to incorporate financial literacy courses into the curriculum for students in grades six through eight.

The law doesn’t spell out specifically what that means, but lawmakers and Oliver say it covers issues including budgeting, saving, credit and debt.

Oliver, a Democrat, is the state’s lieutenant governor and is filling in for Gov. Phil Murphy who is in Washington.

The bill had Democratic and Republicans sponsors and passed in the end with only one no vote.

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