Wisconsin’s Financial Literacy Requirement

We’ve gotten several questions about Wisconsin’s new financial literacy requirement, so here’s the entire law. The whole thing. (Really.)

Date of enactment: November 30, 2017
Date of publication: December 1, 2017*

An Act to create 121.02 (1) (L) 7. of the statutes; relating to: incorporating financial literacy into the curriculum of public schools.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

Section 1. 121.02 (1) (L) 7. of the statutes is created to read:
121.02 (1) (L) 7. Adopt academic standards for financial literacy and incorporate instruction in financial literacy into the curriculum in grades kindergarten to 12.

Not much to go on, if you ask us.

So now what?

As an educator, you need to somehow incorporate financial education into your existing curriculum. Math and social studies are two common homes for these lessons. If your school has an economics class, that’s another popular one. But, feel free to think outside the box. MyMazuma staff have heard of a Shop teacher who included a lesson on car loans in his class, for example.

Bottom line: There’s no need to reinvent the wheel.

A wealth of curriculum resources, including lesson plans and classroom activities, already exists out there for Wisconsin teachers to use… often for free! You can find many of them right here on Some of our favorites are:

Which ones will you use?

* Section 991.11, Wisconsin Statutes: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.”

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