How to give students and families the keys to a better financial future

September 21, 2021 | everfi.com

Technology has brought convenience and speed to our lives. In recent years technology has transformed the world of personal finance for consumers, and especially for our youth. Imagine a teenager using a smartphone to make a stock trade or to transfer funds between accounts. Consider how many students leverage peer-to-peer platforms to exchange money. These transactions are common for young people to conduct with ease and without guidance. While the technology is groundbreaking, knowledge of new financial tools and financial literacy education lags far behind the sophisticated programs that underpin our financial systems.

We are fortunate if once in a generation we can make a seismic change that betters society. This moment has arrived for our generation with a strong movement to build an equitable financial foundation for all. Our nation has reached an inflection point where macro factors are finally aligned on how we tackle this weighty issue. For the first time, there is a commitment coming from multiple fronts to ensure that every child, adult, and community has the financial infrastructure and resources for financial inclusion and stability. There is also the certainty that for true equality to exist, individuals must be empowered to make good financial decisions.

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