The Albuquerque Public Schools Board of Education has unanimously adopted a new requirement for high school graduation: a 0.5-credit course in financial literacy. This decision, made on January 15, aligns with long-standing support from the Greater Albuquerque Chamber of Commerce.

Del Archuleta, chairman of the Chamber's Education Bold Issues Group, expressed strong support for the initiative during a Zoom meeting. "This is a necessary life skill for all students – whether they are on a college track or learning a trade," Archuleta stated. He emphasized that most surveyed students, families, and staff agree on the importance of requiring financial literacy education for graduation.

Archuleta highlighted New Mexico's challenging economic statistics as motivation for this educational requirement. "Almost half of New Mexicans are on Medicaid. One out of four residents is on food stamps," he noted. He stressed that breaking the cycle of poverty begins with educating young people about budgeting, interest rates, late fees, and wise investments.

Studies indicate that financial literacy can improve decision-making skills and prepare students for workforce challenges by teaching them about salaries, benefits, and entrepreneurship. "Having our students graduate with this knowledge will not only keep them from digging a hole of debt or help them make ends meet," Archuleta said. "It will give them the tools they need to get the jobs they deserve."

Last year's legislative session saw House Bill 171 co-sponsored by Rep. G. Andrés Romero aiming to provide more flexibility in high school education paths. The law mandates two graduation credits set by local school boards; APS has designated one half-credit for personal financial literacy.

The board's decision was informed by internal survey data showing broad support among students, families, and staff members for such a course. The measure passed without opposition and was covered in a KOAT broadcast featuring Archuleta’s testimony.