Financial Literacy Impact on Youth in Washington, DC
GrantID: 55753
Grant Funding Amount Low: $2,500
Deadline: Ongoing
Grant Amount High: $10,000
Summary
Grant Overview
Innovative Financial Literacy Programs in Washington, DC
In Washington, DC, the targeted outcomes for the innovative financial literacy program for youth center around improving financial knowledge and behaviors among Black and Brown students. Currently, these communities often face barriers including limited access to financial education resources, as demonstrated by studies showing that over 60% of young people in these demographics lack essential budgeting skills and credit awareness.
The importance of these outcomes cannot be understated. With a growing number of youth entering adulthood unprepared for financial responsibilities, there is a pressing need to equip them with the skills necessary for economic success. Financial literacy not only empowers individuals to make informed decisions but also serves to reduce long-term financial inequalitya critical concern in Washington, DC, where wealth disparities are stark.
To effectively implement this program, the initiative utilizes digital tools and gamified learning experiences, making financial education engaging and accessible. By partnering with local schools and community centers, the program ensures widespread reach and participation. Furthermore, ongoing assessments of participants' financial behaviors will track the program's impacts, allowing for data-driven adjustments to enhance effectiveness.
Ultimately, by instilling essential financial literacy skills in the next generation, this initiative aims to foster greater economic resilience among youth in Washington, DC. It serves as a foundational tool in preparing young people for responsible financial decision-making, setting the stage for economic stability and growth within their communities.
Eligible Regions
Interests
Eligible Requirements
