New York City's Mayor Eric Adams announced a new initiative called "financial literacy for youth" aimed at enhancing financial education for students in 15 local school districts, impacting around 350,000 students. Launching in the fall, the program will offer free financial counseling and workshops, with plans to expand to all 32 districts by 2030. A $25 million investment over five years will facilitate this, addressing essential financial topics while also piloting in-school banking for students to gain practical money management experience.
We teach our children and our scholars ... chemical bonds but not stocks and bonds. We have to learn both. We have to learn treasury bonds and chemical bonds.
The program will cost $25 million over five years, city officials said, with financial educators covering such topics as credit and money management basics.
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