California to make financial literacy classes requirement graduate high school
California mandates financial literacy classes for high school graduation from 2027-28. Governor Newsom partners with Nex Gen Personal Finance to equip students with crucial financial skills, aiming to sign Assembly Bill 2927 into law.
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California will require high school students to take financial literacy classes to graduate, starting in the 2027-28 school year. Governor Gavin Newsom announced an agreement with Nex Gen Personal Finance, a non-profit, to implement this change. The course will become a graduation requirement for the Class of 2030-31. The aim is to equip young adults with essential financial skills early on, such as saving, investing, and wise spending. Nex Gen Personal Finance sponsored California Assembly Bill 2927 to ensure all U.S. high schoolers take a personal finance course before graduation. Governor Newsom plans to sign the bill into law following budget cuts and temporary tax increases to address a significant deficit. The California Personal Finance Education Act initiative will be removed from the November 2024 ballot once the bill is enacted. This move reflects a commitment to preparing students for their financial futures from an early age.
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