Jon Jaussi’s Post

As of April 2024, Black households in the United States only held 4.7 percent of the country’s wealth, despite making up 13.6 percent of all households. How many of our relatives are considered wealthy? How many of our relatives have investments like properties, stocks and bonds? We have historically been taught to save money rather than invest our money, we have been taught not to take “financial risks” but rather play it safe, and we have been taught to “stay away from credit cards” rather than being smart with credit card use. The bottom line is that financial literacy is much needed in our community.

As a society we don't place enough emphasis on the importance of money management! It isn't innately learned, it needs to be taught; weather in schools, at home or by a trusted financial institution like Canopy Credit Union! Jennifer Wagner outlines the need and importance in this article! If you, or someone you know, would like FREE guidance on how to better manage finances, please reach out to us at Canopy Credit Union!

There's a crisis in America! A financial literacy crisis. It's more important than ever to know how money works! #financialliteracy #money #financialadvice #yourmoney

Understating how banking and money work is directly correlated to wealth in America and sadly, too many Americans aren’t well versed enough in financial literacy. "It’s a tough topic, man, but we live in a country that, the way I phrase it is, forgot to teach us financial literacy. "Our education system, K-12 doesn’t teach financial literacy. If you think about how ironic that is, you’re making financial decisions every single day, even if the decision that you make is to not do anything." -Kevin Cohee, the owner, Chairman and Chief Executive Officer of OneUnited Bank, the largest Black-owned bank and the first Black-owned internet bank in America Read More: https://lnkd.in/gVHx2Cy6 #financialliteracy #economy #finance #smallbusiness

Ranking Member Tim Scott (R-SC) and fellow member of the Senate Banking Committee, Senator Jack Reed (D-RI), are leading a resolution to declare April 2024 as Financial Literacy Month. The resolution itself aggregates a number of startling statistics, including: 1) 18.6% of US households are unbanked or underbanked. 2) Outstanding household debt in the United States has increased by $3.35 TRILLION since the end of 2019. Financial literacy, starting young and continuing throughout our lives as an ongoing pursuit goes a long way to address these and many other financial challenges. We at The Perl Group are well-versed in educating our clients, their children, and their grandchildren on financial matters, and we make concerted efforts to create opportunities for families to have those discussions both with and without us. The bottom line is that financial literacy is critical to the future of our economy and financial advisors should be helping to lead those efforts.

💸 Financial literacy is the foundation of a healthy relationship with money. From budgeting and saving to understanding debt, knowing how money works can greatly impact our quality of life. 👦 As Barclays recently highlighted, our relationship with money is formed from the age of seven. Yet many of us enter adulthood without the necessary skills to manage our finances effectively. 💪 At Justizia, our mission is to empower people through education to make better financial decisions at every stage of life. ⬇ Take a look at our article below to find out how we do this - this is just the start! https://lnkd.in/ek3PWBUQ

Community and Brotherhood: Regions Bank Supports Omega Psi Phi. Check out how Regions Bank is partnering with Omega Psi Phi to help spread friendship & financial literacy!

Community and Brotherhood: Regions Bank Supports Omega Psi Phi. Check out how Regions Bank is partnering with Omega Psi Phi to help spread friendship & financial literacy!

Community and Brotherhood: Regions Bank Supports Omega Psi Phi. Check out how Regions Bank is partnering with Omega Psi Phi to help spread friendship & financial literacy!

Community and Brotherhood: Regions Bank Supports Omega Psi Phi. Check out how Regions Bank is partnering with Omega Psi Phi to help spread friendship & financial literacy!