California is set to mandate a financial literacy course for high school graduation, pending Governor Gavin Newsom’s expected approval of AB 2927. Starting from the 2027-28 school year, all students must complete a semester-long personal finance education course to graduate, beginning with the class of 2030-31. This legislative move aims to address concerns highlighted by a 2020-2021 survey showing low levels of financial knowledge among high school juniors and seniors nationwide. Supporters argue that early financial education can lead to improved credit scores, reduced default rates on loans, and better financial preparedness for emergencies and retirement. Key legislators and advocacy groups, including Assemblymember Kevin McCarty and Senate President pro Tempore Mike McGuire, have championed the bill, emphasizing its potential to empower students in making informed financial decisions throughout their lives.
California High Schoolers will Soon Need to Take Financial Literacy Class to Graduate
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