7/9/17 – A former Wisconsin bank executive has written a book that teaches people how money works. Joe Fazio says Americans are trained from an early age not to talk about their finances, so they don’t ask questions and make false assumptions. Fazio, who helped start and run a bank in West Bend, tells the Milwaukee Journal Sentinel that college graduates may know about accounting — but they don’t know how their credit cards work. Cedarburg marketing executive Jack Henke coauthored the book, which tries to explain personal finance matters in simple terms. The state Assembly recently voted to require “financial literacy” classes for kindergarten through 12th graders. Fazio calls it a great idea, but he says the term “literacy” might shun people away.
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