SIFMA Stock Market Game and Capitol Hill Challenge

Financial education programs like the Capitol Hill Challenge help prepare students to make responsible financial decisions that will serve them throughout their lives.

SIFMA Stock Market Game & Capitol Hill Challenge

The need for financial education is real

Nearly two-thirds of Americans can’t pass a basic financial literacy test.1

Only 17 states require students to take a course in financial education.2

We need a strong commitment to fixing the problem and community-wide efforts. This is why Schwab is so excited to be partnering with the SIFMA Foundation  to bring the Stock Market Game and Capitol Hill Challenge (CHC) to classrooms across the nation. The Capitol Hill Challenge is a national 14-week financial education competition that pairs individual members of Congress and financial capability programming with public schools in every congressional district nationwide to teach middle and high school students about saving, investing, and government. As part of the Challenge, students participate in the Stock Market Game, an online simulation of the global capital markets that engages them in the world of economics, investing, and personal finance. Each year, the program reaches approximately 15,000 students, 750 teachers, and 740 public schools.

Read the press release

Read about Corporate Citizenship at Schwab

 

1. FINRA Foundation, National Capability Study, July 2016

2. Council for Economic Education, Survey of the States, 2016

Meet the teachers

Seven-hundred thirty-two teachers in the U.S. introduced middle and high school students to the world of investing through the SIFMA Foundation’s Capitol Hill Challenge. Watch the videos below to hear a few of their stories.

Michael Viviano

Michael Viviano

Hear Michael’s story

“The Capitol Hill Challenge teaches these students that you don't have to be an expert to learn how to trade or learn how to buy and invest in the markets.”

–Michael Viviano
The Academy of Finance & Enterprise, Long Island City, New York

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Michael Viviano:    At a young age, I kind of always had this notion that I would like to teach, but I started working on Wall Street and then I was working at a mortgage bank for some time period. One day I went into work and they pretty much shut down on that day. My wife said, "You know, you always wanted to go into teaching. Maybe this is the time." That was it. From there, I started this journey.

TITLE CARD TEXT:  Michael Viviano is one of 732 teachers in the U.S. introducing middle and high school students to the world of investing through the SIFMA Foundation’s Capitol Hill Challenge.

Michael Viviano:    Financial literacy is important for everybody. In life, a majority of us have been in situations where money was an issue. For a lot of our students, if in their homes they see money as an issue it's a very vulnerable thing because, for one, they can't do much about it. Two, they don't really have the knowledge. It's very hard for them to help, so they're really just subject to whatever it is that's going on. For me, to be able to provide them with the tools that they can change that is one of the most powerful things and one of the reasons why I enjoy being a teacher, because I know that I can make a difference and change their futures because of it. 

Michael Viviano:    The Capitol Hill Challenge teaches these students that you don't have to be an expert to learn how to trade or learn how to buy and invest in the markets. These aren't all professionals on Wall Street that do it. I don't want them to feel intimidated or that it's something for somebody else. It's not 100% to me the stocks that they buy or sell, but it's more the thought process that's going to prove to them that, you know, they're able to start this process at a young age.

Michael Viviano:    What I want my students really to take away from investing and finance is that it makes a difference. It's really important that they set themselves up, so that later on in life they don't have to go through the pain of going through financial situations that they're not in control of. I want them to be able to look back and say, "Wow, you know, that teacher really thought I had something and really believed in me," and maybe that's what they need to push them over whatever it is that they're going through. It's truly one of the most meaningful things that you can teach, and I take pride in having the opportunity to do that. 

TITLE CARD TEXT:  Charles Schwab Foundation has committed $1 Million over three years to advance financial capability and civics through the SIFMA Foundation’s Capitol Hill Challenge.

Disclosures:
Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation funded by The Charles Schwab Corporation. It is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. The Foundation and The Charles Schwab Corporation and its affiliates are unaffiliated with SIFMA Foundation. 

© 2018 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
 

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Hear Claudia’s story

“Making sure that students understand financial literacy and the different forms of investment is absolutely preparing them for their future. It's probably one of the most important things that we could do.”

–Claudia Walker
Coliseum College Prep Academy, Oakland, California

Claudia

Claudia Walker

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Speaker 1:    Right after I graduated from college, I worked for a major investment bank, and then I started a business, and then I got into teaching. I was looking for a career change and teaching was the thing that I found.

TITLE CARD TEXT:  Claudia Walker is one of 732 teachers in the U.S. introducing middle and high school students to the world of investing through the SIFMA Foundation’s Capitol Hill Challenge.

Speaker 1:    As teachers, we come to the work because we want to prepare kids for the future and financial literacy, making sure that students understand about financial literacy and the different forms of investment is absolutely preparing them for their future. It's probably one of the most important things that we could do.

Speaker 1:    You know, we're talking about money, and most kids are motivated by money. Whether it's, you know, chores or getting a scholarship, they're motivated by the payoff. And so, my conversation with the students is how do you manage that? Regardless of how much money you make, how do you manage your finances? 

Speaker 1:    For me, it's really important particularly with the population of students that I teach. They're predominantly Latino and African American, and we know that there is a gap in terms of their access to financial literacy classes. And so, for me, it's really important that when my students leave my classroom, they have the tools, they have the knowledge, to go into the world and really be able to use what they have in order to create wealth for their families and their community, and the Capitol Hill Challenge is a great place to start.

Speaker 1:    Success as a teacher is a student coming to me and saying that, you know, "There was something that you said or that you did in the classroom that really shifted the way that I saw things or that I saw myself." You know, content is important, but I want students to understand that they matter, that there's a place for them in this world, and really figuring out what that place is.

TITLE CARD TEXT:  Charles Schwab Foundation has committed $1 Million over three years to advance financial capability and civics through the SIFMA Foundation’s Capitol Hill Challenge.

Disclosures:
Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation funded by The Charles Schwab Corporation. It is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. The Foundation and The Charles Schwab Corporation and its affiliates are unaffiliated with SIFMA Foundation. 

© 2018 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
(0618-8EDR)
 

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Ryan Monoski

Hear Ryan’s story

“The importance of financial literacy cannot be understated. It's not all about how much money you make. It is more about how you invest and save the money you do earn.”

–Ryan Monoski
Montgomery Jr/Sr High School, Montgomery, Pennsylvania

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Mr. Monoski:    How I became a teacher is, I wanted to be able to make a mark on the world. I wanted to help people. So I went back to school for another two years and got my teaching degree and, low and behold, here I am in Montgomery and I wouldn't trade it for the world. 

TITLE CARD TEXT:  Ryan Monoski is one of 732 teachers in the U.S. introducing middle and high school students to the world of investing through the SIFMA Foundation’s Capitol Hill Challenge.

Mr. Monoski:    The importance of financial literacy cannot be understated. Financial literacy is something that every student in this country needs to understand, and learn, and master. I don't care if you're making minimum wage or if you're making five hundred thousand dollars a year. It's not all about how much money you make. It is more about how you invest and save the money you do earn. 

Mr. Monoski:    It's very hard to keep kid's attention when you're teaching. I personally approach teaching with the idea of being very interactive, being personable. When I come to work, I don't come to work. I go see my second family. And that's not just a saying, it's the truth. I live by it. 

Mr. Monoski:    Capital Hill Challenge gave me, as a teacher, an opportunity to see a side of students I don't normally see. When you open a book, it can get stale. But this is a fluid situation in learning. These students, they are getting involved, and they're competing, and they want to be better. So they want to prove that our little school can be just as good as any school in the country. They come up and ask me for information, which is a nice change, instead of me always having to dictate to them what they need to learn. 

Mr. Monoski:    At the end of my career, I would like to think that I've touched many lives. Students who didn't know what they wanted to do with their life, all of a sudden come up to me and say, "Mr. Monoski, I'm going to be a finance major because of this program, because of what you've done." And there is nothing more powerful than a student telling you that you made an impact on their life that you know is going to affect their own children someday, even their great grandchildren. So it's pretty powerful stuff. 

TITLE CARD TEXT:  Charles Schwab Foundation has committed $1 Million over three years to advance financial capability and civics through the SIFMA Foundation’s Capitol Hill Challenge.

Disclosures:
Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation funded by The Charles Schwab Corporation. It is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. The Foundation and The Charles Schwab Corporation and its affiliates are unaffiliated with SIFMA Foundation. 

© 2018 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
 

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Meet the Winners:

Congratulations to all 2018 Capitol Hill Challenge and Stock Market Game participants—especially our Top 10 teams who won a trip to Washington, D.C. and recognition on Capitol Hill!

  1. Redan High School, Georgia
  2. Albany High School, California
  3. Glacier Peak High School, Washington
  4. Waterford High School, Wisconsin
  5. Simsbury High School, Connecticut
  6. Philip High School, South Dakota   
  7. Granada Hills Charter High School, California
  8. Canyonville Christian Academy, Oregon
  9. Lewisburg High School, Pennsylvania
  10. Battle Mountain High School, Nevada
     
The Stock Market Game

Participants

Participants are given a hypothetical $100,000 and taught how to invest it for growth. In the process, they gain a fundamental understanding of investing and how to make their money work for them. The SMG not only engages students but improves academic performance, financial knowledge, and saving and investing habits. 

“It’s a pretend game but when you play it long enough, it doesn’t feel pretend anymore. It feels like it’s your money and you’re investing it.”

–Brenda, 9th Grade, Pittman High School, Turlock, California

Learn more about the SMG

Capital Hill Challenge

The CHC connects all that students learned in the Stock Market Game to the world of government. Members of Congress visit their matched CHC schools, offering students, educators, and the school community a unique opportunity to discuss current issues, the economy, and the importance of financial education. The CHC reaches all 50 U.S. states and, for the past four years, every U.S. Senator and Representative has participated in this acclaimed SIFMA Foundation program.

The top 10 SMG teams visit Washington, D.C. and see the role that government officials play in fiscal policy making and the economy and how it functions. It helps them grasp how our world is interconnected. 

“I’m really looking forward to talking to the lawmakers on Capitol Hill. That’s an opportunity not many students come across.”

–Shaquille Ziam, former CHC participant, Carmel High School, Indiana

Learn more about the CHC

CHC logo
Championing financial education

Championing financial education

At Schwab, we extend our focus beyond championing investors and those who serve them, and devote considerable resources to developing free financial literacy programs that serve all individuals, regardless of age and background.

Click to learn how Schwab is supporting financial education

Viewpoints from Schwab’s Leadership Team

Capitol Hill Challenge

Click to hear the benefits of the Capitol Hill Challenge

“The best part of the Challenge was being able to learn new parts of the financial industry and investing, and being able to work with teammates to create portfolios that grow and invest.”

Anish Luthra, former CHC participant, Carmel High School, Indiana

View the video

Quote

“One thing is for certain—the Capitol Hill Challenge has drastically altered my perspective on the economy, financial literacy, and even on what I can achieve as I move forward in life.”

–2017 CHC participant

Capitol Hill Challenge Participants

Capitol Hill Challenge participants: This is for you!—and for your parents and teachers too.

We’ve rounded up some of our most popular Schwab Moneywise investing posts to support your investing education.

Click here to learn more

Anyone can play The Stock Market Game!

Just because your school isn’t teaching you about investing for your future doesn’t mean you can’t learn it on your own or with a group of your friends.

Click here to learn how 

About Charles Schwab Foundation and SIFMA Foundation

The collaboration between the Charles Schwab Foundation and SIFMA Foundation will help advance youth financial capability, capital markets literacy, and civics education across the U.S. The Charles Schwab Foundation has committed $1 million over 3 years to support The Capitol Hill Challenge.

About SIFMA Foundation

Since 1977, the SIFMA Foundation has enabled 17 million students and their teachers to learn about the importance of investing, saving, and long-term planning, as well as the role of the global capital markets in their lives. The SIFMA Foundation's acclaimed financial education programs help children become financially literate and provide a foundation for youth to be vital contributors to our society and economy.

0218-8BLR

The Charles Schwab Foundation (“the Foundation”) is a 501(c)(3) nonprofit, private foundation that is funded by The Charles Schwab Corporation. It is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. The Foundation and the Charles Schwab Corporation and its affiliates are unaffiliated with SIFMA Foundation.