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Gavin Newsom: “Issue of financial literacy transcends all of us.”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published March 17, 2026 | Video Starts at 50:38

And so we're working with the legislature, and I think there's real opportunities to advance some of those reforms in this legislative session. And so Issue of financial literacy transcends all of us. I mean, Tim could talk about this more. This was never a partisan endeavor. Quite the contrary. And look, it's about pragmatism. (50:38–50:43)

CLAIM

Asserts that financial literacy is a universal issue affecting everyone.

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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Gavin Newsom

“10% of people own 2/3 of the wealth [in the United States].”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 22:51-22:57
“A 30 year old for the first time in American history is not doing better than his or her parents did.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 22:57-23:04
“We have fully implemented [pre K for all] at a scale no other state in the country has.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 24:18-24:24
“5.5 million people now in the state of California are eligible for these career and college savings accounts.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 25:34-25:43
“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.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 25:47-25:58
“Seven plus million people that don't have access with an employer to retirement accounts, 529s, et cetera.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 26:44-26:52
“There's a proliferation of payday lenders, you know, all these, you know, loan sharks that are out there taking advantage of folks.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 28:49-28:58
“Interest rates that are being legally allowed to be charged to low income folks to simply cash a check.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 29:13-29:21
“Every year the governor of California proclaims Cesar Chavez Day. It's in the statute.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 36:22-36:27
“Three dozen schools in the state are named after Cesar Chavez.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 37:06-37:11
“I traveled to 14 states last few weeks. I think I was in 14 Cesar Chavez streets in every part of this country.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 37:12-37:21
“What we just signed in the executive order goes to start to address those issues.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 39:40-39:46
“You're seeing this move by the current administration put America in reverse on voting rights.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 40:03-40:10
“In our state we've been pushing back against a lot of those forces but we have a lot of institutional work still to do.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 40:27-40:35
“We highlight a lot of the statistics in the executive order which only reinforce this.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 45:46-45:51
“We also highlight some of the efforts in the past as it relates to our efforts to diversify boards to get more pay equity information made…”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 45:50-46:00
“That's why I did an executive order a year ago.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 48:34-48:36
“We have a big event and press conference highlighting the work we're doing to support our men and boys.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 48:40-48:47
“There are some reforms that we should advance as it relates to transparency through an en banc process.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 50:13-50:18
“I think there needs to be deeper scrutiny as it relates to violent sexual predators as well.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 50:22-50:28
“We're working with the legislature, and I think there's real opportunities to advance some of those reforms in this legislative session.”
Governor Newsom, First Partner make announcements on financial literacy, wealth access for women | Uploaded March 17, 2026 | 50:28-50:37