BILL ANALYSIS Ó
ACR 39
Page 1
ASSEMBLY THIRD READING
ACR
39 (Dababneh)
As Amended March 17, 2015
Majority vote
-----------------------------------------------------------------
|Committee |Votes |Ayes |Noes |
|----------------+------+--------------------+--------------------|
|Rules |11-0 |Gordon, Chang, | |
| | |Burke, Campos, | |
| | |Dodd, Jones, Lopez, | |
| | |Mayes, Rodriguez, | |
| | |Waldron, Wood | |
-----------------------------------------------------------------
SUMMARY: Declares the month of April 2015 as Financial Aid and
Literacy Month, with the theme of "Prosperity Through Education,"
to raise public awareness about the continuing need for increased
financial literacy. Specifically, this resolution makes the
following legislative findings:
1)California law requires that financial education, including
budgeting, managing credit, student loans, consumer debt, and
identity theft security, is included in the next revision of the
social sciences, health, and mathematics curricula.
2)A survey of teenagers found that 52% want to learn more about
ACR 39
Page 2
budgeting, saving, and investing and 85% of parents believe that
financial education courses should be a requirement for high
school graduation.
3)Only 5% of adults say they were taught about money by a teacher
and 40% would give themselves Cs, Ds, or Fs on their grasp of
personal finance concepts.
4)According to T. Rowe Price's, 2014 Parents, Kids, and Money
Survey, 69% of parents are "very/extremely" concerned about
setting a good financial example for their kids, but 74% admit
they are reluctant to approach the topic because they do not
want their kids to worry.
FISCAL EFFECT: None
Analysis Prepared by:
Nicole Willis / RLS. / (916) 319-2800 FN: 0000071