Spring 2021 Webinar
July 20, 9:00 a.m. – 11:30 a.m.
Wisconsin’s new Personal Financial Literacy Standards (revised 2020) includes a new strand, “Financial Mindset.” This additional strand sets Wisconsin apart from other states and national personal financial literacy standards. It addresses mental habits needed to address financial decisions successfully. Behavioral economics helps explain why people do what they do even if it’s not rational. In the second part of this course Dr. Niederjohn will address the pandemic in economic terms. You don’t want to miss Dr. Niederjohn’s insight on these timely topics.
Dr. Scott Niederjohn
Charlotte and Walter Kohler Professor of Economics at Lakeland College
Director of Lakeland's Center for Economic Education
This series is a collaboration between the Forward Learning Institute for Financial & Economic Literacy (FLIFEL), the Wisconsin Department of Financial Institutions, Edgewood College, The CBM Credit Foundation, UW Credit Union, and NextGen Personal Finance.
Financial Literacy in Education
The knowledge and skills set forth in the personal financial literacy standards cross all grade levels and disciplines. A comprehensive, developmentally appropriate pre-kindergarten through grade 12 program can promote personal financial literacy throughout numerous curricular areas.
The standards, updated in June 2020, include a "financial mindset" area as one of the subject’s six strands — joining education and employment, money management, saving and investing, credit and debt, and risk management and insurance. The addition of the financial mindset strand sets Wisconsin apart from other states and national personal financial literacy standards. It addresses mental habits needed to address financial decisions successfully.
The standards are intended to help schools and educators at all grade levels to develop programs that provide the knowledge and skills to establish sound financial habits.
Revised standards for personal financial literacy were adopted in June 2020. The updated set of standards includes a "financial mindset" area for the first time. This content area addresses mental habits needed to address financial decisions successfully.
How can you be a financial literacy champion? Here are some ideas to get you started!
- Check to ensure that your school/district is embedding Wisconsin’s K-12 financial literacy standards into instruction.
- Talk to the administration in your district about the possibility of requiring a personal financial literacy course for graduation. Consider bringing your ideas to the school board.
- Research what other schools are doing! Wisconsin has many great models!
- Speak to local businesses to see how they might be interested in helping! Local banks and credit unions are great places to start!
- Consider applying for a grant from the DPI the next time they are available!
- Join or plan an activity during Money Smart Week, April 2022!
- Come up with your own ideas! The possibilities are endless...
Visit WISELearn to access Personal Financial Literacy resources for schools, instructors, and more.