We know much more about how the human brain functions, but still fall short in using what we know to reach and MENTOR every child to develop positive financial habits. Financial habits that equip young people with 21st-century financial skills and tools that will lead to lifetime financial well-being. Financial well-being defined as a state of being, wherein an individual can fully meet his or her current and ongoing financial obligations, and also feel secure in their financial future able to make choices that allow them to enjoy life.
The recent economic crisis has highlighted how essential it is that individuals and families have the information, education, and tools that they need to make good financial decisions in an increasingly complex U.S. and global financial system. Indeed, as we have learned, the financial difficulties of individuals and families can dramatically affect the financial health of local communities and regional markets. The crisis has also illustrated that the financial well-being of individuals and families is fundamental to national financial stability, and that a lack of practical financial management education is one barrier that can lower standards of living and limit prosperity.
According to the latest financial literacy survey or research, Americans are failing miserably when it comes to managing money. Millennials, especially, are being targeted as a generation that doesn’t understand credit, can’t repay their student loans, and will need to work well into their golden years due to a lack of saving and retirement planning. But that doesn’t have to be the case. Learning at young age about investing in one’s financial well-being can turn these trends around and ensure that one doesn’t become part of these statistics which in extreme cases could end up into homelessness. In reality, our mentoring program is a positive support system for young people.
In alliance with The Federal Deposit Insurance Corporation (FDIC) and recognition of the importance of financial education for everyone, including young adults who are about to begin, or who have just begun, their independent financial lives.
Financial education fosters financial stability for individuals and for entire communities. The more people know about credit and banking services, the more likely they are to make informed decisions on money matters where a wrong decision could result in years of financial pain, save money, and improve their financial health and well-being. The Financial Well-Being helps individuals build financial knowledge, develop financial confidence, become more money savvy, and use banking services effectively.
Activities, and content are geared towards those in grades 7–12 (i.e., middle school, junior high, and high school students) and those in the first two years of college.
Our vision is sustained financial well-being for the coming new generation of adults.
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