Remember home economics? A modernized version of that class is coming to the Los Angeles Unified School District.
The board passed a resolution on Tuesday night to create a class that teaches personal finance to high school students, including how to use and manage money, credit, avoid debt, and write a check.
Jerry Yang, the student member of the LAUSD board, emphasized the importance of students knowing how to manage their finances and “achieve long-term fiscal stability.”
“Students are supposed to graduate college and career-ready, and one of the most important aspects of that is knowing how to navigate our economy,” he said.
KNX News’ Craig Fiegener spoke with students and parents outside Fairfax High School about their thoughts on the class. The father of one student said it’s important for his son to learn the basics.
“He is concerned about questions like debt, inflation,” he said. “They read about it on Facebook, on social media, a lot actually.”
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One student said he agrees that the class is a good idea.
“You got to know how to have a 401k,” he said. “You got [to have] a good credit score and all that.”
It’s unclear exactly when the class will happen, but this comes ahead of a new state law requiring a semester of financial literacy for all California school kids. That will go into effect during the 2027-28 school year, according to EdSource.
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