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With April being Financial Literacy Month, I cannot help but reflect on the importance of the mission of Young Americans Center for Financial Education. An August 2020 report: Millennials and Money, noted “millennials tend to rely heavily on debt, engage frequently in expensive short-and long-term money management and display shortly low levels of financial literacy.” The report calls for greater financial education as “financial literacy is strongly connected with individuals’ financial outcomes and money management behavior”.
Young Americans Center for Financial Education is delivering! With a focus on hands-on, real-life learning, we prepare youth across the state to manage their finances, to make a budget and to plan for savings and investing (Young AmeriTowne program). They are also learning about global economics in a one-of-a-kind program, International Towne, and the basics of starting a business with YouthBiz.
I also want to highlight an important research finding - our educational programs are particularly beneficial for low-income students who have been disproportionately impacted by the pandemic and the economic fallout. These results were detailed in the June 2020 Young AmeriTowne Impact Study.
At Young Americans we are committed to serious financial literacy education done right. Because when high-quality curriculum is coupled with real-life learning experiences, change happens. And this change brings about financial well-being for individuals and strong economic development opportunities for communities.
Sincerely,
Rich Martinez
President and CEO
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