Riverside County seeks extension for financial literacy pilot program

In a recent meeting of the Assembly Budget Subcommittee No. 3 on Education Finance, discussions highlighted the importance of extending a pilot program aimed at enhancing financial literacy among elementary school students in Riverside County. Leticia Garcia, representing the Riverside County Superintendent of Schools, emphasized the need for additional time to gather data that could inform future educational decisions.

The pilot program, which serves 23 school districts across the county, has already shown promising results in its first year. Garcia noted that first graders are learning essential concepts such as financial literacy and the workings of college savings accounts. This foundational knowledge is crucial as it prepares young students for future financial responsibilities.

Garcia also advocated for more frequent data sharing, suggesting that updates should occur at least twice a month. This would enable educators to make timely adjustments and ensure that students are actively engaging with their financial education. Additionally, she supported the governor's proposal to increase staffing focused on data management, which she believes will significantly enhance the program's impact.

The meeting also featured contributions from students, including Jordan Lilia Dove from UC Riverside, who represented a diverse student body and highlighted the importance of educational initiatives that resonate with young people.

As the subcommittee considers these requests, the outcomes could play a vital role in shaping the future of financial education in Riverside County, ultimately benefiting students and their families by equipping them with essential life skills. The push for an extension of the pilot program reflects a commitment to fostering a financially literate generation, which is increasingly important in today’s economy.