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Gavin Newsom: “5.5 million people now in the state of California are…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Governor Newsom, First Partner make announcements on financial literacy, wealth access for women

Published | Video Starts at 25:34

And we did that with the legislature about five years ago. It's not called the Trump accounts. They're in fact not named. And we struggle as a consequence with awareness around it. But 5.5 million people now in the state of California are eligible for these career and college savings accounts. Up to $1,500 in certain categories, minimum of 500 universally. We also established new baby bonds in the state of California for every child born after July 1, 2023, up to $175 just off the bat. (25:34–25:43)

CLAIM

Asserts that millions of Californians are eligible for state-sponsored savings accounts for education.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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