The Financial Literacy for Youth (FLY) initiative, announced by Mayor Eric Adams, aims to enhance financial education in New York City public schools. Starting with a pilot in 15 school districts for the 2025-26 academic year, it intends to expand to all schools by 2030. The program will offer free counseling, workshops, and classroom resources led by financial educators. Mayor Adams stressed the need for students to learn essential financial skills, such as managing bank accounts and investments, alongside traditional academic subjects, to better prepare them for adulthood.
Mayor Adams emphasized that current school curricula inadequately prepare students for real-world financial responsibilities, leaving them unable to manage essential financial tasks like taxes.
The FLY initiative aims to equip students with financial knowledge essential for the modern world, emphasizing the importance of practical financial education from an early age.
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