Think New Mexico Launches New Initiative to End Predatory Lending & Strengthen Financial Literacy in New Mexico!

In a report released October 4, 2020, Think New Mexico recommends that the legislature and governor cut the state’s maximum annual interest rate on small loans from 175% to 36% and make a course in financial literacy or personal finance a high school graduation requirement. Learn more about our recommended reforms and ask your legislators and the governor to support them!

One Comment On “Think New Mexico Launches New Initiative to End Predatory Lending & Strengthen Financial Literacy in New Mexico!”

  1. This is a must for the school systems in New Mexico. Kids these days know the immediate gratification you get from earning a paycheck and spending it and don’t really think about the future. They don’t listen to parents who try to explain how hard life can be if you don’t take care of your financials. When its driven home every day at school for a semester we might be able to make a difference in the poverty level of our state. Besides the fact that many parents don’t know how to teach anything about financial freedom because they themselves have never been taught. This program should definitely be a required course, not optional, in our school system!

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