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 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

Meet the Teachers

732 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

The Academy of Finance & Enterprise, Long Island City, NY

“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.”

Watch video

Claudia Walker

Coliseum College Prep Academy,
Oakland, California

“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.”

Watch video

Ryan Monoski

Montgomery Jr/Sr High School, 
Montgomery, PA

“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.”

Watch video

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, GA

6. Philip High School, SD   

2. Albany High School, CA

7. Granada Hills Charter High School, CA

3. Glacier Peak High School, WA

8. Canyonville Christian Academy, OR

4. Waterford High School, WI

9. Lewisburg High School, PA

5. Simsbury High School, CT

10. Battle Mountain High School, NV

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 CA

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 US 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, IN

Our National Financial
Literacy Crisis

Carrie Schwab-Pomerantz, President of the Charles Schwab Foundation, discusses the lack of mandated financial education in schools and how we can make a change.

Financial Literacy - It Matters. Today, Forever

Lisa Kidd Hunt, Charles Schwab Executive Vice President and Chair Emeritus of the Securities Industry and Financial Markets Association (SIFMA) emphasizes how having a financial education is key for a better life.

“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

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. 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.

1 FINRA Foundation, National Capability Study, July 2016

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

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.

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC, offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Schwab. Independent investment advisors are not owned, affiliated with, or supervised by Schwab. Schwab Retirement Plan Services, Inc. provides recordkeeping and related services with respect to retirement plans.