California is advancing toward mandating financial literacy education for all public school students. The proposed requirement includes learning skills such as reading pay stubs, managing bank accounts, using credit cards responsibly, saving for the future, and identifying scams. The initiative aims to make it compulsory for high school students to complete at least a one-semester course in financial literacy as a condition for graduation.
Two approaches are being pursued to implement this initiative: a November ballot initiative and state legislation. Silicon Valley entrepreneur Tim Ranzetta, a proponent of student financial literacy, has financed the signature-gathering process for the ballot initiative. Nearly 900,000 signatures are being submitted to county registrars across California to qualify the California Personal Finance Initiative for the November election, with 546,651 valid signatures required for approval. Ranzetta views the overwhelming support for the measure as a reflection of its practicality and necessity.
https://www.yahoo.com/news/momentum-building-require-california-high-100019927.html
