Photo credit: Governor’s Council of Financial Literacy
As teachers and students in Wisconsin are about to break for the holiday session, a bill was signed into law by Governor Scott Walker to initiate financial literacy in schools. Assembly Bill 280
directs each school board to adopt academic standards for financial literacy and incorporate instruction in financial literacy into the curriculum in grades K to 12. Authored by Senator Chris Kapenga (R—Delafield) and Representative Scott Krug (R—Nekoosa), the bill passed the Senate on a voice vote and was concurred by the Assembly on a voice vote. It is Act 94.
Nonprofit organization Junior Achievement of Wisconsin was represented at the Capitol during this legislation process. Junior Achievement of Wisconsin has been providing financial literacy education as well as career preparation and entrepreneurship curriculum in the school systems through volunteer-delivered programs for 76 years.
Roxanne Van Loon, Director of Dane and Rock County Districts at Junior Achievement of Wisconsin said, “No matter what path young people choose, they will eventually need to manage their own finances. Helping our young people make educated financial decisions early on will impact their lives forever.”
Junior Achievement provides school districts with financial literacy curriculum that includes content such as: managing debit and credit cards, spending money wisely through budgeting, saving and investing money; and protecting one's personal finances. Van Loon added, “Junior Achievement will continue to support schools in providing this important financial education to Wisconsin students.”