California to make financial literacy classes a requirement to graduate high school [Video]

SACRAMENTO, Calif. — California is set to add financial literacy classes as a requirement to graduate high school.

The video above is from a related story and will be updated.

Governor Gavin Newsom announced on Thursday an agreement with Nex Gen Personal Finance, a national financial literacy non-profit.

The agreement requires all California high school students to take a semester-long personal finance education course starting by the 2027-28 school year.

The course will also be a graduation requirement starting with the Class of 2030-31.

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

Nex Gen Personal Finance, which sponsored California Assembly Bill 2927, aims to have all U.S. high schoolers take at least one semester of a personal finance course before graduation.

Governor Newsom says he will sign the bill …