SACRAMENTO, Calif. (3/10/16)--The importance of investing in youth financial literacy was brought to the attention of a recent California State Assembly legislative hearing.
Tena Lozano, executive director of the Richard Myles Johnson Foundation and chair of the California JumpStart Coalition, testified before a joint hearing hosted by the Select Committee on Youth and California’s Future and the Banking and Finance Committee, according to the California and Nevada Credit Union League’s CU Weekly (March 7).
"We need to find a way to ensure that every student graduates high school with the ability to manage their own finances, whether they are headed into college, vocational school, or straight into the workforce,” Lozano said.
Assemblyman Ian Calderon (D-Whittier), chair of the select committee, and Assemblyman Matt Dababneh (D- Encino), chair of the banking committee, discussed how important financial education is to the future of California. They said the state needs to take steps to provide more young adults with basic tools in financial education before they graduate.
Lozano said many organizations--from credit unions to Junior Achievement--are willing and able to help teach these lessons to children statewide.
The Richard Myles Johnson Foundation specializes in Bite of Reality financial simulation fairs that give students an interactive learning experience.