Financial literacy rates in the U.S. have been dropping since 2009. Less than one-third of adults ages 18-54 can answer basic questions related to personal finance, creating urgency for new approaches to early financial education.
The numbers are even more concerning when we take a look at Black youth. To help remedy this, King has partnered with Wells Fargo to promote financial health through the work the banking giant has been doing for years. “I was drawn to Wells Fargo given the bank’s continued commitment to underserved communities,” Regina shared with Essence.
One example of this is Wells Fargo’s commitment to making a $1 million donation to inspire more African American participants to join Kollab, a new, Los Angeles-based.
Read more on essence.com
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