Governor Gavin Newsom announced on Thursday an agreement that requires all California high school students to take a semester-long personal finance education course starting by the 2027-28 school year.
I remember a little while back reading something about how Financial Literacy was introduced as a way for the banks to avoid regulation, pushing the responsibility to individuals rather than face government pressure to change.
While there’s some truth to this, there’s also a ton of things companies are required to display prominently when lending money. Most people know about the interest rate, but there’s a lot of other numbers just as important to understand.
I remember a little while back reading something about how Financial Literacy was introduced as a way for the banks to avoid regulation, pushing the responsibility to individuals rather than face government pressure to change.
I’ll have to look for the article…
While there’s some truth to this, there’s also a ton of things companies are required to display prominently when lending money. Most people know about the interest rate, but there’s a lot of other numbers just as important to understand.