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Financial Literacy for California Children a Priority for State Leaders

Gov. Gavin Newsom said that he had come to an agreement with lawmakers and nonprofit leaders on the need for teaching children personal finance skills.

Financial literacy for California students has become a top priority for lawmakers who have moved swiftly this year to support bills mandating personal finance skills for statewide education.

Gov. Gavin Newsom announced this week that he had come to an agreement with lawmakers and nonprofit leaders on the need for the education.

“Saving for the future, making investments, and spending wisely are lifelong skills that young adults need to learn before they start their careers, not after,” Mr. Newsom said June 27.
The governor’s announcement referred to the state Senate’s passage of Assembly Bill 2927 this week, which adds financial coursework to the state’s graduation requirements for public and charter school students in grades 9–12.

The bill was introduced by Democrat…

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