It is the opinion of many experts and lay persons that Financial Education is unevenly provided in our American Education Systems. For example, urban schools may, more or less, offer Financial Literacy; Councilors may encourage some students and not others; and parents or mentors may, or may not, insist on financial responsibility. Commercial outlets, especially television, encourages spend-spend and live NOW and pay later by the swipe of an easily obtainable card. Many are consumed in debt.
Here is a report about Denver Public Schools* and its call to require Financial Literacy as a graduation requirement. "...
The purpose of this is that the gap in wealth in our country, income inequality, is a pretty major social justice issue of our time. And to not even educate the students that tend to come from the backgrounds that have the least when it comes to finances, are the very ones who are in most need of the knowledge about how the system works," Walter said.
They're learning about credit scores, credit reports, banking, credit cards, insurance, and they're even trading stocks on an investor app.
...The DPS Board has said it will vote in June on whether to make financial literacy part of the requirements for graduation. It's a move that Esquibel feels is an essential commitment to this kind of education.
"Every year we wait there's about 5,000 DPS students graduating," he said.
First published on May 7, 2021 / 6:00 PM
© 2021 CBS Broadcasting Inc. All Rights Reserved.
* We intend to form collaboratives with Aurora, Commerce City, and Denver Schools so that basic servuces can also bwe provided to those adults post-secondary.
NOW, how to exit from debt and acquire wealth becomes an issue. Consider those who may have a few thousand dollars of debt and first, only consider bankruptcy as a solution. They have not considered paying a little more on principal, consumer credit counseling, or bill consolidation if they have assets.
VetVest Group, LLC. IS TEMPORARILY HOSTING THIS PROJECT
New Horizons CDC is committed to provide wholesome solutions and hands0on guidance to our neighbors, including families, businesses, and organization so thar ALL nor only survive but also, thrive. For example:
- Making available "Grassroots" curriculum like:
- How Money Works: Don't be a Sucker.
- Let Us Put Our Money Together
- The Success Habits of Millionaires
- and more
- Providing contacts to Industry professionals collaborating with New Horizons CDC pro bono or at reduce costs
- Supervising/Counseling client decision-making based on best business practices (Buy-Lease, Buy Low-Sell High, etc.)
- Offering Credit Repair solutions
- Exposing clients/neighbors to non-traditional jobs, businesses, skill craft, and investment opportunities and funding sources
This last, but not least, item on the above list is especially telling about the "normal" awareness of people of color in economically challenged communities. It is socially acceptable to work or invest in the Service Industry. But, what about investigating, acquiring, and developing business in High TEC HUBs, Manufacturing, Real Estate (Development, Management, ownership), or other wealth-producing industries?
This focus change requires a cultural change that shall be a guidepost for the success of the New Horizons CDC.
New Horizons CDC has a Solution!