AB 2927, which was co-authored by a group of bipartisan lawmakers and is sponsored by Democratic State Representative Kevin McCarty, mandates that students graduating in the class of 2030–2031 take a semester-long course on personal finance. This means that public high schools and charter schools must start offering the course in the 2027–2028 academic year.
“As early as possible, we must assist Californians in being financially ready for the future. Regarding the endeavor, Newsom stated that young people should acquire lifelong skills like investing, saving for the future, and prudent spending before beginning their professions.
According to the press release, Newsom, Assembly Speaker Robert Rivas, Senate President pro Tempore Mike McGuire, and NGPF Mission 2030, a national nonprofit that promotes financial literacy, have decided to require high school graduates to take the course.
Regarding the bill’s victory, McCarty expressed his happiness by saying he is “thrilled” that it will be enacted.
