Feb 9, 2021

Gov. Tony Evers Appoints MadREP President & CEO Jason Fields to Governor’s Council on Financial Literacy and Capability

In his role as a legislator, Fields served on Governor’s Council on Financial Literacy and was invited back to serve in his new role to work on the Council’s expanded mission.

Gov. Tony Evers recently signed Executive Order #106 relating to the creation of the Governor’s Council on Financial Literacy and Capability. The order renames the existing Governor’s Council on Financial Literacy and expands its mission to include helping Wisconsinites build financial capability and identifying ways to improve the financial inclusion of all Wisconsin residents. In addition, the order increases the Council’s membership from 25 to 35 members bolstering the Council’s expertise in the areas of financial capability and inclusion.

“I enjoyed my work on the Governor’s Council and was sorry to say goodbye when I left the legislature,” said Fields. “To be asked back and to have the opportunity to work on the expanded mission of addressing financial inclusion and access is incredibly gratifying and supports our Advance Now 2.0 strategic plan, which calls on us to ensure all residents of the Madison Region have equal opportunities for success.”

“By working together, we can help ensure every Wisconsinite has access to affordable and timely financial products and services to manage their daily lives and plan for everything from unexpected emergencies to long-term goals,” said Gov. Evers. “The Council’s work will help provide individuals and businesses with the tools and resources they need to invest in education and housing, capitalize on business opportunities, save for retirement, and cope with various economic shocks. I’m looking forward to the work that this Council will do to help us expand and improve our efforts to build a Wisconsin where everyone can access the financial services they need to build economic security and resilience.”

The Council will serve as a continuous sounding board for the Office of the Governor, the Wisconsin Department of Financial Institutions (DFI), and DFI’s Office of Financial Literacy. In doing so, the Council will provide guidance and strategies to measurably improve the financial literacy, capability, and financial inclusion of Wisconsin’s residents by taking focused actions that include, but are not limited to, the following:

  • Explore and identify how systemic racism creates barriers to financial health, wealth, and retirement security for Wisconsinites and support organizations with best practices for creating a new system of financial justice and inclusion;
  • Work with employers to develop and implement programs to provide employees with tools that help employees measurably increase their financial literacy;
  • Explore and identify best practices in implementing financial literacy and capability through individuals’ life stages – pre-k to college, young adult, adulthood, pre-retirement, and retirement – placing an emphasis on preventing elder financial exploitation;
  • Grow the statewide financial literacy awareness and education campaign “Money Smart Week Wisconsin” through community involvement and increasing the number of participants;
  • Expand financial literacy professional development opportunities by working collaboratively with the Department of Public Instruction, the Office of the Commissioner of Insurance, Wisconsin’s Forward Learning Institute of Financial and Economic Literacy, and other partners, to measure and increase the number of students taught; and
  • Encourage savings for post-secondary education and vocation through Wisconsin’s College Savings Programs.

The Council will receive administrative support and guidance from DFI’s Office of Financial Literacy Director and Council Executive Director David Mancl and his team.