Savings and Financial Wellness

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HOPE Program

The HOPE Program will provide a trust account to an eligible child who lost their parent(s) or guardian to COVID-19 during the public health emergency, as well as children who have been in the foster system for over 18 months.

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CalABLE

People with disabilities diagnosed before 26 can now save up to $18,000 in his/her own name without jeopardizing other health and safety benefits.

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ScholarShare529

Encourages college savings to keep students out of high student loan debt.

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CalSavers

California’s retirement savings program designed to en ure all Californians have access to a workplace retirement savings account. Gov. Newsom recently signed S81126 (Cortese) to expand the retirement plan mandate to employers who employ one or more employees by Dec. 31, 2025.

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CalKids

Every newborn born after July 1, 2022, receives up to $100 in a child savings account in his/her name; and every 1st-12th grader that qualifies for “free and reduced lunch” program will receive $500-$1,500 in his/her own name to be used for higher education or a certified apprenticeship program.

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