California to add financial literacy as a high school graduation requirement NBC 7 San Diego [Video]

Gov. Gavin Newsom recently signed a bill into law that is poised to radically reform the state of financial literacy in California.

Assembly Bill 2927, which was passed near the end of June, changes high school graduation requirements to include a financial literacy course in 2031, and requires school districts to have one as an elective starting in 2027. This marks California as the latest among a group of over two dozen states that will require students to take a financial literacy class for graduation.

“We need to help Californians prepare for their financial futures as early as possible. 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,” said Newsom, in a statement last month.

California’s State Superintendent of Education, Tony Thurmond, one of the bill’s main co-sponsors during its two year odyssey through …