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California became the 26th state to require personal finance as a high school graduation requirement.
California high school students will soon have to learn how to budget, manage credit, invest, and navigate other financial decisions before receiving a diploma under a statewide financial literacy mandate, The Good News Network reports.
The required curriculum covers 13 areas of personal finance, including banking, budgeting, employment and income, credit, loans, insurance, taxes, investing, consumer protection, and ways to finance higher education and workforce training. It also addresses how psychology can affect financial well-being and includes instruction on charitable giving.
“California is on track to deliver on the promise of personal finance education for every public high school student, which is great news,” State Superintendent of Public Instruction Tony Thurmond said. “These are critical life skills that will help them in their personal and professional lives.”
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Source: Black Enterprise
