Yet the access to that education remains unequal and the impact is clear. In 2019, the median wealth of Black households in the U.S. was $24,100, compared with $189,100 for white households.
"The financing decisions and behaviors are not going to improve, which is going to create another generation riddled with debt," she said.Of course, financial literacy is not the only contributing factor to theAlready, Black adults are behind whites when it comes to financial literacy, theU.S. adults answered only 50% of the TIAA index's correctly, on average. White adults got 55% correct, while Blacks answered 37% of the questions correctly.
"Not all of us know how credit works. Not all of us know how to get a loan and stuff like that," said McCall, now a 15-year-old sophomore at Academy of Health Sciences in Largo, Maryland. "It is our hope that this financial education will empower students to make their money work for them and ultimately will be a catalyst toward upward mobility," she said.
Some of the barriers to mandating such education in public schools is the inequity in school funding, as well as budgetary and governance challenges, he said. Teachers also have to have the proper skills and training.
acorns I bet there’s not a single teacher in those schools who understands even the most basic elements of finance... gotta solve for teacher illiteracy first
acorns Maybe we should teach them ( and white girls as well)to not have babies out of wedlock at 17, work a job, and stop buying things that dont improve them mentally, physically and financially.
acorns Very big changes to how the world functions has filtered into the higher education sector with the University of NSW partnering with OpenLearning (ASX: $OLL) to create a new online pathway program thats changing the future of EDU!!
acorns Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials.
acorns ASX-OLL New annual report released Canaccord Genuity Report on $OLL - $0.50 Fair Value, $0.74 Bullish Target. A very good time to buy in the current stock price. Do Your own research before making any financial decisions
acorns Tried it. (Folks working on GED). Gave 14 weeks of literacy classes. Even gave some $$$ to purchase stock. They all took their stock money the minute the program was over. Kids need mentors not classes.
acorns Yes between the billionaires blacks and the majority poor blacks
acorns Is it possible to find a good guy on Twitter?