SECTION 1 . Section 2 of chapter 71 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following paragraph: -
In all public high schools a course shall be taught on personal financial literacy which shall include, but not be limited to instruction in the following areas: Understanding interest, credit card debt, and online commerce; Rights and responsibilities of renting or buying a home; Savings and investing; Planning for retirement; Bankruptcy; Banking and financial services; Balancing a checkbook; Understanding loans and borrowing money, including predatory lending and payday loans; Understanding insurance; Identity fraud and theft; Charitable giving; Understanding the financial impact and consequences of gambling; Earning an income; and Understanding state and federal taxes
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