SUMMARY OF GRADE
K-12 financial literacy standards by grade bands
AN IN-DEPTH LOOK
There are no financial literacy related course requirements for high school graduation in Wisconsin.
However, 2017 Wisconsin Act 94 (Assembly Bill 280) requires that each school board “adopt academic standards for financial literacy and incorporate instruction in financial literacy into the curriculum in grades kindergarten to 12.” Wisconsin has created Wisconsin’s Model Academic Standards for Personal Financial Literacy which has personal finance content and performance standards for the ends of Grades 4, 8, and 12.
2011 Executive Order #24 created the Wisconsin Governor’s Council on Financial Literacy. The Council’s mission includes to “incentivize Wisconsin’s K-16 education system… to implement financial literacy.” As of 2015, the Council listed in its accomplishments having increased the “percentage of all Wisconsin High school graduates receiving personal finance through graduation requirement as 64%, up from 25% in 2010.”
While Wisconsin has made notable efforts towards financial literacy instruction, it still receives a “C,” as it does not require financial literacy instructions fully from Grades K-12. Wisconsin must create grade-specific standards for each grade, rather than just for the ends of Grades 4, 8, and 12, and institute a required stand-alone personal finance course for high school graduation to receive an “A.”