California to make financial literacy classes a requirement to graduate high school

SACRAMENTO, Calif. (KFSN) -- California is acceptable to adhd fiscal literacy classes arsenic a request to postgraduate precocious school.

The video supra is from a related communicative and volition beryllium updated.

Governor Gavin Newsom announced connected Thursday an statement with Nex Gen Personal Finance, a nationalist fiscal literacy non-profit.

The statement requires each California precocious schoolhouse students to instrumentality a semester-long idiosyncratic concern acquisition people starting by the 2027-28 schoolhouse year.

The people volition besides beryllium a graduation request starting with the Class of 2030-31.

"We request to assistance Californians hole for their fiscal futures arsenic aboriginal arsenic possible," Newsom said successful a statement. "Saving for the future, making investments, and spending wisely are lifelong skills that young adults request to larn earlier they commencement their careers, not after."

Nex Gen Personal Finance, which sponsored California Assembly Bill 2927, aims to person each U.S. precocious schoolers instrumentality astatine slightest 1 semester of a idiosyncratic concern people earlier graduation.

Governor Newsom says helium volition motion the measure into law. This comes aft California lawmakers approved a fund connected Wednesday that slashes spending and temporarily raises taxes connected immoderate businesses to adjacent an estimated $46.8 cardinal fund deficit.

Once the measure is signed, proponents of the California Personal Finance Education Act inaugural person agreed to region its measurement from the November 2024 ballot.