Lessons Learned
While On The Beat
By Eric L. Adams
Teaching the Value of a
Dollar at an Early Age
Eric L. Adams
COURIER L 12 IFE, JUNE 7–13, 2019 B
Truck driver injures two
pedestrians in Bath Beach
BY AIDAN GRAHAM
A truck struck two people and
wreaked havoc in Bath Beach on May
31, according to authorities.
The vehicle drove onto the sidewalk
and collided with a 26-year-old pedestrian,
before smashing into a restaurant
at the corner of Bay 34th and 86th
streets at 2 p.m., cops said.
The driver of the truck then backed
out of the restaurant wreckage and
attempted to fl ee the scene of the accident,
according to a police spokeswoman.
The ill-planned getaway was foiled
when the driver hit a second pedestrian
and crashed into a pillar of the
elevated subway line across the street
from the shattered Mylasian restaurant,
cops said.
First responders took the fi rst victim
to Coney Island Hospital, and the
second to Maimonides Hospital, authorities
say. Both victims are in stable
condition.
No arrests have been made, and the
investigation remains ongoing.
DEMANDED: Congressman Max Rose and Councilman Justin Brannan called on the city to
construct guardrails to protect pedestrians along a mile-long stretch of the Belt Parkway.
Max Rose
GUARDRAILS
destination for Southern Brooklyn joggers
and cyclists, according to Rose,
who accused the city of gross negligence
for leaving Brooklyn bystanders
unprotected.
“Do we have a government run by
kindergarteners here? This is absurd.
We are not building the Eiffel Tower —
we’re building guardrails,” said Rose.
“This is absolutely absurd, it is a dereliction
of duty, and this is why everybody
hates politics.”
And Rose singled out Department
of Transportation offi cials — who
have sat on a request Brennan made
for guardrails 15 months ago — for
waiting until someone dies to secure
the pathway.
“Do we have to see blood shed before
something actually happens in
this government?” Rose asked.
The Transportation Department
is currently working with the Department
of Design and Construction on a
plan to install the guardrails, according
to an agency rep, who said Brennan
and Rose will be the fi rst to know
when the project moves forward.
Continued from page 1
As a child, I knew lean times –
times when I had to forego things
my classmates had and could afford.
At one time or another I’ve heard
“sorry, but those sneakers are just
too expensive, and we can’t afford
to buy those right now.” “I made
so many mistakes as a young man
because I never had a background
in basic financial education, and I
wasted so much money.
I believe we need financial
education taught to every young
New Yorker so they can have an
early start on establishing a bright
financial future. Teaching these ‘soft
skills’ is foundational, like ensuring
the gears of a machine are properly
oiled, to closing the inequality gap
and helping create self-sufficient
families. Recently, I put my support
behind S.2452/A.1357, legislation
that would establish a financial
education curriculum in grades 9
through 12 across New York State.
At least five states currently require
a personal finance course to graduate
high school, including Alabama,
Missouri, Tennessee, Utah, and
Virginia; in September, New Jersey
will require all middle schools to
offer financial education.
Since arriving at Brooklyn
Borough Hall, I’ve committed to
improving the financial literacy
of all Brooklynites, including
an understanding of how money
works, how one earns and
manages it, and how to invest
or donate to help others in need.
Partnering with organizations in
the financial services, grassroots,
and small business communities,
my administration has organized
and supported hundreds of free
educational opportunities across
the borough since 2014, which
have taught nearly 4,500 residents
the necessary skills to make wise
everyday financial decisions. I
declare every April to be Financial
Education Empowerment Month
in Brooklyn, highlighting the
importance for families to make
smart budgeting decisions, avoid
financial scams, and monitor their
expenses. Still, these efforts are no
substitute for classroom instruction
at an early age, helping young men
and women avoid the pitfalls that can
handicap their opportunities.
It is of the utmost urgency that
our children and grandchildren
learn to navigate the world of
personal finance at an early age.
Implementing a financial education
curriculum has been demonstrated
to improve students’ credit scores
and increase savings rates. This
is particularly impactful when we
consider the number of millennials
who are concerned about their
finances. A 2016 survey from Bank
of America found that only 16
percent of Americans between ages
18 to 26 are very optimistic about
their financial future, which for
many includes part of the trillions
of dollars in student debt that our
nation’s borrowers carry. Perhaps
even more alarming, a 2018 report
by Economic Well-Being of U.S.
Households indicated that a full forty
percent of American households did
not have enough money to cover a
$400 emergency expense. Many
more families are struggling on top
of that when we note differences in
education levels, race, ethnicity and
geography.
As borough president, I realize
that Brooklyn cannot thrive if its
families can’t survive on their
finances. All Brooklyn families also
want their children to thrive, and be
assured their children will be able
to survive and overcome challenges
that they may face in the future, by
getting a head-start on financial
literacy. That’s why a holistic 21st
century education needs to include
financial education.
Eric L. Adams is borough
president of Brooklyn. He served 22
years in the New York City Police
Department (NYPD), retiring at the
rank of captain, as well as represented
District 20 in the New York State
Senate from 2006 until his election as
borough president in 2013.