Financial literacy is a skill all consumers should possess was the conversation focus a couple weeks ago when WBA and Green Bay area bankers met with the editorial board of the Green Bay Press-Gazette. The group met in Green Bay to ask the newspaper to support SB 212/AB 280 which directs each school board to adopt academic standards for financial literacy and incorporate instruction into the curriculum in grades kindergarten to 12.
The result was an editorial published by the newspaper that called on the legislature to pass this bill and incorporate financial literacy into the classroom. They said in part "Student loans, vehicle loans, home loans, leases for housing … they all require a basic financial literacy so you don’t get taken advantage of after high school. Twenty states have adopted financial education requirements, as of 2016. Sixty-four percent of the school districts required it in Wisconsin. For example, the Green Bay School District requires a one-semester class in order to graduate."
"The Press-Gazette Editorial Board met with three bankers and two members of the Wisconsin Bankers Association. They heartily endorse this bill and they’re will to be the resource that school districts can use as they write curriculum or instruct students."
Thanks go out to the bankers who attended this meeting: Dan Peterson, The Stephenson National Bank & Trust, Marinette; Teresa Schoffelman, Associated Bank, Green Bay; and Tim Treml, Bank of Luxemburg. WBA’s Mike Semmann and Eric Skrum represented the association.
Read the full editorial here.