Advancing Equity With Financial Education

NEW YORK, Nov. 23, 2016 /PRNewswire-iReach/ -- WorldofMoney.org, the organization providing accessible financial education to vulnerable youth, has partnered with Google, Inc. to launch a mobile financial education app offering 63 free, self-paced videos for five million underserved youth. The mobile video app is designed for youth-to-youth dialogue, which encourages peers to increase their financial capability and security. Users range between ages 7 – 25, and will learn financial concepts that will catalyze workforce admittance and long-term financial capability.  Twenty national and regional organizations including Eagle Academy Foundation, Executive Preparatory Academy of Finance, A Better Chance, Memphis Challenge, YWCA of New York City, National Cares Mentoring, NAACP Youth and College Division, Save Our Girls/Save Our World The Brooklyn Brownstone School and Harlem Community School District 5, et al, are confirmed mobile app coalition partners. Three modules are translated in Spanish, French, Portuguese and Swahili.

WorldofMoney.org Founding CEO Sabrina Lamb shares, "According to the OECD, America's youth rank 17^th among developed nations in financial education. The lack of financial knowledge contributes to the generational wealth gap, especially in underserved communities, and will not improve on its own. We are honored that Google, Inc. is our partner in developing financially capable youth, families and communities. Congressman Gregory Meeks adds, "We need to teach our children, especially in communities of color, strong financial education so that they can become responsible adults capable of investing money to accumulate wealth, which will benefit their families and the generations that follow. Their financial success very much depends on an early start on financial responsibility and wisdom. World of Money has been making such a difference, one child at a time, and I am grateful for their continued dedication to our community."

Communities Served

World of Money's national and global reach will educate underserved girls and boys through local, regional and national programming partners.  Historically, girls and boys served by these organizations reside in education deserts, have low reading and math test scores, and lack savings accounts along with a financial safety net. These youth are generational victims of toxic financial products and live with high levels of debt.

According to Robert Allard, member of the World of Money Board of Directors, "After working in the financial services industry for over 15 years, I am acutely aware of the importance financial education plays in the everyday lives and professional development of children and young adults. Through my work with this organization, I have had the opportunity to engage on the most intimate level with the local community and see how it is impacting and enhancing the lives of children and families alike."

Solution

World of Money mobile app videos  are formatted for Android, IOS and IPad. Videos on the app include Flash Cards, Daily Wealth Affirmations, Money Mindsets, Mastering Your Card, Payment Technology, Mobile Payments, Budgeting, Banking, ATMs, Insurance, Safe Teen Driving, Money Drainers, Introduction to Credit, Entrepreneurship, Banking/Credit Union, Budgeting, History of Money, Insurance, Stock Market, Mutual Funds, Taxes, Living On Your Own, Growing Your Money, Your Legal Rights et al.

How the App Works

Each video module includes speakers of different  ages and racially diverse World of Money graduates. Once the app is downloaded, one can choose a lesson then swipe the screen to view the 3-minute course followed by a quiz. Students can view each lesson as many times as they wish.   

Organization Overview

WorldofMoney.org was founded in 2005 and is a New York City based 501(c)(3) non-profit organization whose mission is to empower youth with a sound financial foundation. Nearly 4,000 youth between ages 7 – 18, and their families have received World of Money's financial education. This has steadily broken a a generational cycle and changed the way youth understand their money. This initiative equips children with five tenets for a financially responsible and philanthropic life: learn, earn, save, invest and donate. Our financial presenters are stellar Wall Street professionals, business and legal leaders.

Link here to official official World of Money website here.

WorldofMoney.org, 1441 Broadway, 5th^th Floor, PMB 5084, New York, New York 10018

Media Contact:Max Hilton, Peregrine Communication.com, 646-274-1424, max.hilton@peregrinecommunications.com

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SOURCE World of Money