Our Goals
Immigration System
With the varying monetary systems across the globe, financial literacy in one country often does not necessarily translate to other countries. In the United States, for example, we can see this in the taxation system: The country contains the world's third-largest corporate income tax rate. When this difference is paired with high unemployment rates for immigrants and refugees, debt accumulation often follows. If people receive help as they adapt to this new system through, for example, information on our banking and taxation systems, advice on saving and investments, and more, they will have a greater pool of resources for success in their new life.
Education System
According to records kept by courts in the United States, personal business and bankruptcy filings ascended a whopping 10% from 2022 to 2023. America's education system is largely to blame. Practices like investing and saving for retirement sound intimidating but are actually extremely simple. Everyone who understands investing knows the earlier you start investing in your future, the more extensively it pays off down the road. If we know this, why wouldn't we want our students to start this journey sooner? We want to allow students to be set up for success from the minute they graduate by teaching them the basics of finance before they head off into the real world.
Re-entry System
In a country that says it believes in second chances, there are not nearly enough resources for people to succeed in their next opportunity after a mistake. Those in juvenile detention centers or prisons are often unable to create a budget, don't understand how debt works, and struggle to balance their finances, potentially damaging their future goals and aspirations. Once released/recovered, they find that the challenges persist: there is a lack of job opportunities, education is difficult to access because they are ineligible for student loans, and they have difficulty finding places to live. These are only a few of the problems they may face. One step that we can take is to teach them how they can manage the money they currently have and how to make a profit from it.
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Financial Education Isn't An Option - It's A Necessity
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