October 22, 2014
Thank you for contacting me about the need for students to be taught financial literacy. I always appreciate hearing from students in my District and I’m impressed by the commitment you’ve expressed in this important issue. I fully agree with you!
In 2013 the Center for Financial Literacy gave the State of California an F grade for failing to require personal finance education in public schools. While there were standout examples of individual schools that required financial education, they were few and far between. The State did take an important step toward improving financial literacy last year when Governor Jerry Brown signed into law Assembly Bill 166, legislation which unanimously passed the State Legislature and makes mandatory financial literacy classes. The California Department of Education also began a financial literacy awareness campaign which will provide schools, teachers, students and parents with access to responsible money management resources.
I hope the collaboration of state and non-governmental organizations such as Pathway to Financial Success, will continue to improve student financial literacy and I think your idea of bringing these two groups together is an excellent one. While the state is primarily responsible for K through 12 public education, and public universities, I will certainly support any legislation related to improving financial literacy at the national level. I’m closely following the incorporation of financial literacy classes into school curriculum as California’s new law is implemented.
Thank you again for sharing your important thoughts with me about including financial education classes in high school curriculum Rest assured that I am committed to this critical effort.
Thank you again for writing to me, and if you have any other questions or comments, let me hear from you. I value what my constituents say to me, and I always need your thoughts and benefit from your ideas.
Anna G. Eshoo
Member of Congress