Salem, OR—State Treasurer Tobias Read today applauded the legislature for approving Senate Bill 3, which will require that Oregon students take a personal finance class in high school.
The landmark bipartisan proposal, whose chief co-sponsors were Senate President Rob Wagner (D-Lake Oswego) and Senate Republican Leader Tim Knopp (R-Bend), will require high school students to take a semester-long personal finance class and a companion semester “life skills” course in order to graduate, starting in 2027.
“Everyone deserves the chance to get ahead financially and I’m excited that the legislature took this step to help our students,” said Treasurer Read. “We hope that this requirement will help generations of Oregonians be on a stronger footing as they navigate the financial landscape. I will continue to make financial empowerment and financial wellbeing a centerpiece of my administration and look forward to the law’s implementation.”
In the 1990s Oregon eliminated the requirement that students take a dedicated personal finance class.
In 2020, Treasurer Read launched the Financial Empowerment Advisory Team, which brings together Oregonians to highlight and better coordinate efforts to bolster financial capability, economic justice and equity, and financial education.
The collaboration yielded the first Oregon Financial Wellness Scorecard, a new Financial Wellness resource hub on Oregon’s 211 info network, and the new Oregon Financial Empowerment Awards.
The Financial Empowerment Program is part of the Oregon Treasury Savings Network, which provides tools to help the public save for education, retirement, emergencies and disability-connected costs.
The bill now moves to the governor’s desk.
The Oregon State Treasury improves the financial well-being of all Oregonians. We provide low-cost banking, debt management, and investment programs for governments and empower Oregonians to invest in themselves and their loved ones through the Oregon College Savings Plan, Oregon ABLE Savings Plan, and OregonSaves. Treasury also facilitates the Oregon’s Unclaimed Property program.