Notwithstanding Section 51284, when the history-social science curriculum framework is revised after January 1, 2017, the Instructional Quality Commission shall consider including both of the following:
(a) Age-appropriate information for grade spans, as listed in paragraphs (1) to (3), inclusive, of subdivision (b), on financial literacy that includes, but is not limited to, all of the following:
(1) Fundamentals of banking for personal use, including, but not limited to, savings and checking.
(2) Principles of budgeting and personal finance.
(3) Employment and understanding factors that affect net income.
(4) Uses and effects of credit, including the relation of debt and interest to credit.
(5) Uses and costs of loans, including student loans.
(6) Types and costs of insurance.
(7) Forms of governmental taxation.
(8) Principles of investing and building wealth.
(9) Identity theft and security.
(10) Planning and paying for postsecondary education.
(11) Charitable giving.
(b) Age-appropriate content related to the topics listed in paragraphs (1) to (11), inclusive, of subdivision (a), at least twice in each of the following grade spans:
(1) Kindergarten and grades 1 to 5, inclusive.
(2) Grades 6 to 8, inclusive.
(3) Grades 9 to 12, inclusive.
(Added by Stats. 2016, Ch. 616, Sec. 1. (AB 2546) Effective January 1, 2017.)
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