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Under a 2024 law, each New Mexico school board is now selecting two locally-determined graduation requirements for students in their district.​ We encourage you to reach out to your local school board and urge them to require a full or half credit of financial literacy​!

Twenty-six states from across the political spectrum already require all high school students to complete a standalone one-semester or full-year course in financial literacy, reaching 53% of students nationwide. However, New Mexico is not yet among them. Financial literacy is currently offered as an elective in New Mexico high schools, but only about 11% of eligible students currently take that elective. The required history/government/economics class sprinkles in some financial literacy topics, but does not provide the depth of a standalone course.

A 2022 poll of 751 likely voters in New Mexico found that 78% support requiring students to complete a class in personal finance covering topics like investing, budgeting, taxes, and saving. (Only 9% were opposed, with 13% undecided.) Studies have shown that high school students who have taken a personal finance course improve their money management, such as by shifting from high-cost to low-cost forms of credit.

A few New Mexico schools and districts have already made financial literacy a requirement. For example, high school students in Tatum Municipal Schools complete a full-year financial literacy course that counts toward their required math credits.
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Under a 2024 law, each New Mexico school board is now selecting two locally-determined graduation requirements for students in their district.​ We encourage you to reach out to your local school board and urge them to require a full or half credit of financial literacy​!

Twenty-six states from across the political spectrum already require all high school students to complete a standalone one-semester or full-year course in financial literacy, reaching 53% of students nationwide. However, New Mexico is not yet among them. Financial literacy is currently offered as an elective in New Mexico high schools, but only about 11% of eligible students currently take that elective. The required history/government/economics class sprinkles in some financial literacy topics, but does not provide the depth of a standalone course.

A 2022 poll of 751 likely voters in New Mexico found that 78% support requiring students to complete a class in personal finance covering topics like investing, budgeting, taxes, and saving. (Only 9% were opposed, with 13% undecided.) Studies have shown that high school students who have taken a personal finance course improve their money management, such as by shifting from high-cost to low-cost forms of credit.

A few New Mexico schools and districts have already made financial literacy a requirement. For example, high school students in Tatum Municipal Schools complete a full-year financial literacy course that counts toward their required math credits.
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