Bill Would Require Financial Literacy Course in High School

California high school students could get a crash course in “adulting” under a bill just introduced in the California State Assembly.

As CBS Sacramento reports, AB 1087 would require that high schoolers learn basic budgeting and banking skills, as well as how to use credit, as part of a mandatory course for graduation.

Students are already required to take at least one semester of economics. Assembly Bill 1087 would specify what needs to get taught, including:

• Fundamentals of banking for personal use
• Principles of budgeting and personal finance
• Employment and factors that affect net income
• Uses and effects of credit

A recent survey conducted by Bank of America shows that most American students wish they had learned more about budgeting, accounting, and financial planning in high school.