Visa Launches Financial Education Initiative for Olympians

Knowing that Olympic athletes face unique financial challenges, Visa developed the Practical Money Skills for Athletes program in partnership with the International Olympic Committee (IOC) to help current athletes, and those nearing sports retirement, access resources to help manage their financial lives both during and after their athletic careers.

The program, which is a great platform for Visa Volunteer efforts worldwide, was announced at the Rio 2016 Olympic Games in August with program ambassador Angela Ruggiero, a four-time U.S. Ice Hockey Olympic medalist and chair of the IOC’s Athletes’ Commission. Ruggiero joined Visa to showcase the new global financial education initiative with athletes in the Olympic Village.

Following the Games, Visa’s Head of U.S. Financial Education, Hugh Norton, led a training session with Ruggiero to provide athletes with the tools, resources and support they need to reach their highest potential in sport and in life. Conducted at September’s 2016 Olympic & Paralympic ACE Summit in Crystal City, VA, the training was designed to help athletes understand transition resources and open dialogue around retirement and life beyond sport.

In 2017, Visa coached Team USA athletes with its Practical Money Skills for Athletes program and the USOC Athlete Career & Education (ACE) program on June 21 at the U.S. Olympic Training Center in Colorado Springs to build their personal finance skills. This training session was led by Visa’s Daniel Schutte, an IT Project Manager, as part of a Visa Volunteers effort to train US athletes.  

The Colorado Springs Olympic Training Center is home to sport facilities and support services for the following summer Olympic, Paralympic, Pan American and Parapan American sports: boxing, cycling (Olympic and Paralympic), figure skating, gymnastics, Paralympic judo, pentathlon shooting (Olympic and Paralympic), Paralympic Swimming, wrestling.