When we talk about financial education for students, it should start at the high school level, which isn't the case in many of the states. Youths at this age are capable enough to grasp financial concepts, so thinking it won't work would stop the process in its tracks. There is an Ivy league based program that targets this grave concern, and has the power of helping the minority community grow wealth by gaining access to business literacy. The objective of this program is to reduce the wealth gap and bring white and minority households closer in terms of wealth. The program is designed keeping in mind the increase in financial disparity, and is community-focused, simple, and low-cost.
So, how does this program help in reducing the divide? With the knowledge it offers, it helps community people make better investment decisions, and make better gains in return. Graduates of this program are given the opportunity to meet investment and saving groups, which allows them to find more profitable investment options. This financial literacy program does away with the shortcomings of other such programs by promoting long-term engagement and providing social support.
Another important part of these programs is the transfer of knowledge between community members, which allows them to stay connected with each other. If the community needs to see change in this current situation, these are small things that need to come into every community, if things are to improve.
Author's Bio: The author is a blogger. This article is about financial literacy programs for minority community. Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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