Governor Tony Evers Makes History: Wisconsin Guarantees All High School Graduates Will Receive Financial Education
MADISON, WIS., Dec. 6, 2023 /PRNewswire/ – On December 6, Governor Tony Evers officially signed Assembly Bill 109 into law. This bipartisan legislation now makes Wisconsin the 24th state to guarantee every high school student graduating will be offered a personal finance course. Support from the NGPF Mission 2030 Fund, advocates and teachers helped make this victory possible.
In this past year alone, six other states have passed similar bills, bringing the number to a total of 24 states who now require high school students to take a personal finance course. This monumental accomplishment tripled the number of states that now provide financial education to their graduates in the last three years. To view the status of all states, please visit NGPF’s Live U.S. Dashboard.
Financial Literacy: Building a Better Future
At the heart of this legislative decision lies the importance of educating our youth in the basics of managing personal finances. This move by Wisconsin legislators will help prepare future generations with the necessary financial skills to become financially secure, helping them realize their dreams and those of their families.
This couldn’t have been achieved without the passion and hard work of Laura Finke, Kerri Herrild, Joel Chrisler and Patrick Kubeny. Not only did they give tremendous amounts of time and attention to this issue, their students also gave stirring testimonies in front of Wisconsin Education Committee on the impact of a personal finance education.
Wisconsin Graduates to Receive Financial Education Starting 2027-2028
All high school students graduating during the 2027-2028 school year will now be required to take at least one semester-long personal finance course that covers fundamentals such as financial mindset, money management, saving and investing, credit and debt, and risk management and insurance.
“This requirement will provide Wisconsin students the opportunity to make informed decisions about their finances and give them the tools to be financially secure,” said Dave Mancl, Director of the Office of Financial Literacy at the Wisconsin Department of Financial Institutions. “Financial literacy can be a pathway to breaking the cycle of generational poverty and ensuring social justice.”
Kerri Herrild, a personal finance teacher at De Pere High School echoes this sentiment. “Financial education is an empowerment that gives our youth the knowledge to make sound financial decisions and also strive for success.”
Continued Support and Recognition
Laura Finke, career and technical education teacher at Oconomowoc High School, champions this bill and the many people who made it happen. “Thank you to all our legislators and governor for making a decision that strengthens the economic future for Wisconsin. Financial education stands on a foundation of opportunity and hope.”
Next Gen Personal Finance (NGPF) Co-Founder, Tim Ranzetta, applauds the progress Wisconsin has made. “Financial literacy allows people to learn the rules of money where they can build and protect their wealth. This bill is an incredible milestone.”
NGPF Mission 2030 Fund, a nonprofit organization advocating for this policy in all states, also extended their support and help with the technical details. Joel Chrisler, Jump$tart’s Advisor on Effective Financial Education, has ongoing praise for Wisconsin’s investment in their students’ future.
About Next Gen Personal Finance
Next Gen Personal Finance (NGPF) is a nonprofit committed to guaranteeing that all high school students receive a personal finance course prior to graduating. NGPF has become the go-to source for more than 90,000 educators looking for high-quality, engaging personal finance curriculum to equip students with the skills they need to thrive in the future. NGPF invests in teacher professional development through the offering of live Virtual Professional Development, 10 Certification Courses, and 40+ asynchronous On-Demand modules. NGPF has been recognized by Common Sense Education as a “Top Website for Teachers to Find Lesson Plans” and “Best Business and Finance Games” – and also named NGPF a “Selection for Learning.” For more, visit ngpf.org.
NGPF Mission 2030 Fund/Next Gen Personal Finance
SOURCE Next Gen Personal Finance
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