In a noteworthy stride towards shaping the financial acumen of Wisconsin’s young minds, Governor Tony Evers recently signed into law Act 60. This significant legislation, backed by The League and MMCCU President David Murphy, mandates Wisconsin high school students to complete a half-credit course in personal financial literacy for graduation.
The enactment of Act 60 garnered widespread support from Wisconsin’s credit unions, underscoring their commitment to cultivating financial well-being in their communities. Credit unions, operating as not-for-profit cooperatives, have long spearheaded various financial literacy initiatives throughout the state. This includes initiatives like hosting in-school branches and collaborating with school districts to provide presentations, coursework, reality fairs, and other resources aimed at instilling financially sound habits in young individuals.
Expressing his enthusiasm for the legislation, Murphy stated, “Credit unions are here to help young people set themselves up for financial success, and we’re thrilled that this act will provide an invaluable opportunity to assist generations of Wisconsinites.” This sentiment echoes the commitment of credit unions to actively contribute to equipping the youth with essential financial skills for navigating life’s financial complexities.
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The impact of Act 60 is set to be felt by Wisconsin high school students graduating in 2028, affording educational institutions ample time to integrate the new requirement into their curricula. This forward-thinking approach ensures that future graduates are armed with the knowledge and skills required to make informed financial decisions.
