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then, you have a group saying this is about fiscal discipline and we want to create a financial literacy program around this. so we want to create other things in their lives beyond the notion of a college savings account. i think this could be profound. we may be wrong, but it sure is worth trying something new. 1/10 of low-income families ever graduate from college. this is serious stuff. we are the lowest percentage of parents that have not graduated from high school of any state in the united states of america, so how difficult it is for a parent who never graduated high school to imagine sending their kids to college, but here, we bring that stewardship and that mind set home, and i think it can dramatically change people s lives, and i think it will disproportionately benefit diverse communities, so i could not be more enthusiastic, massachusetts more proud of the incredible support from carlos and how he immediately saw this as an opportunity to build on san francisc
clear to him or her that college is a possibility for them i think that is something that cannot be overestimated. it is something that is powerful. in california, only 10% of latinos have a college degree. 22% for african-americans, compared to 40% of the anglo population. that is a huge disparity, and unless we address it in this state, it will have long-term ramifications about the future of this had state, economically and otherwise. i have always said, i have benefited from the fact that i was an immigrant, that i grew up in latin america. in latin america, it is not too far-fetched for latinos to go to college. every person who goes to college in latin america is a latino, so the notion that a member of that minority group, go to college was something that you grew up with. a lot of our kids do not have that here. we need to make it clear, in this land of opportunity, that opportunity is available to you. and what a better way of making that statement clear, and then by
thank you for pushing back, even when cuts were being made in city hall. on a personal level, what is so powerful for may, the notion that when a kid begins the school system that you make it clear to him or her that college is a possibility for them i think that is something that cannot be overestimated. it is something that is powerful. in california, only 10% of latinos have a college degree. 22% for african-americans, compared to 40% of the anglo population. that is a huge disparity, and unless we address it in this state, it will have long-term ramifications about the future of this had state, economically and otherwise. i have always said, i have benefited from the fact that i was an immigrant, that i grew up in latin america. in latin america, it is not too far-fetched for latinos to go to college. every person who goes to college in latin america is a latino, so the notion that a member of that minority group, go to college was something that you grew up with. a lot
to think about something you can now afford because you have something a lot of families cannot afford. one-half of african-american and latino families do not have access to a san francisco do not have a checking account. one in three san franciscans do not have a checking account. they end up going to these check cashing places and 80 lenders. these kids now have something their parents do not have a college savings account. they have friends in the private sector that will match the contributions of the city. then, you have a group saying this is about fiscal discipline and we want to create a financial literacy program around this. so we want to create other things in their lives beyond the notion of a college savings account. i think this could be profound. we may be wrong, but it sure is worth trying something new. 1/10 of low-income families ever graduate from college. this is serious stuff. we are the lowest percentage of parents that have not graduated from high