California students will have to complete a course in pocketbook economics — balancing a checkbook, managing credit cards, avoiding scams — to graduate from high school under a bill that will become law, state lawmakers announced Thursday. “We need to help Californians prepare for their financial futures as early as possible,' Gov. Gavin Newsom said in a statement.
Ranzetta dropped his support of that bill — and even the watered-down version failed to pass. The fate of the bill on this round changed with the backing of the governor and leaders of each house. “Financial literacy is a critical tool that pays dividends for a lifetime,' said Senate President Pro Tempore Mike McGuire .
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