Leader of the Californians for Financial Education ballot measure campaign Tim Ranzetta speaks at a March 12 press conference announcing the filing of signatures A campaign to make personal finance a California high school graduation requirement submitted nearly 900,000 signatures this week to qualify a, is led by Palo Alto entrepreneur Tim Ranzetta, who says he is fed up after two decades of failed legislative efforts to incorporate money management into the state’s school curricula.
Currently 25 states have some form of a personal finance requirement, 17 of which were introduced in the last two to three years, he said.“There’s compelling research behind the impact that this class has on better credit behaviors, less likelihood to take out high interest loans, increased likelihood to begin investing at a young age and make better decisions about how to pay for college,” he said.
Ranzetta said he’s fully on board with AB 2927, but also wants to move forward with the ballot measure in case the bill flounders.