New York City is going to start phasing in financial literacy for students starting next school year.
Mayor Adams' administration just announced 15 school districts in the city that will be getting financial educators next school year. They will help with teaching responsible financial habits including saving and investing. Jalen is a graduating senior and applauds the move after learning financial skills on his own.
"Whether it's saving 70 percent of money that I earn and living on the remaining 30 percent or choosing to live below my means now so I can live on my own terms later. I know the habits that I build today will do all the shaping of my future."
The Adams administration's plan to place a financial educator in every single district by year 2030 as part of the mayor's financial literacy for youth initiative.