S2101

TRENTON – A bill sponsored by Senators Paul A. Sarlo and Joseph F. Doria which would establish a pilot program to provide instruction to high school seniors on personal finance was unanimously approved today by the Senate Education Committee.

“While we take great pains in New Jersey to ensure that our students are proficient in basic academics before graduation, they often lack the life lessons needed to be responsible adults,” said Senator Sarlo, D-Bergen, Essex and Passaic. “So many of our State’s young adults face mountains of credit card debt and other financial setbacks which remain on their credit reports long after their initial mistakes are made. We need to do more in our schools to better equip graduating students to deal with the complexities of personal finance.”