<mediadc-video-embed data-state="{"cms.site.owner":{"_ref":"00000161-3486-d333-a9e9-76c6fbf30000","_type":"00000161-3461-dd66-ab67-fd6b93390000"},"cms.content.publishDate":1663255575979,"cms.content.publishUser":{"_ref":"0000017e-bbf9-dcae-a3fe-fffdd45b0000","_type":"00000161-3461-dd66-ab67-fd6b933a0007"},"cms.content.updateDate":1663255575979,"cms.content.updateUser":{"_ref":"0000017e-bbf9-dcae-a3fe-fffdd45b0000","_type":"00000161-3461-dd66-ab67-fd6b933a0007"},"rawHtml":"
var _bp = _bp||[]; _bp.push({ "div": "Brid_63182016", "obj": {"id":"27789","width":"16","height":"9","video":"1097562"} }); ","_id":"00000183-41c1-d7e8-a5d7-47c1860e0000","_type":"2f5a8339-a89a-3738-9cd2-3ddf0c8da574"}”>Video EmbedMichael Jordan, through his iconic Jordan brand, has provided a one-time grant to California nonprofit group Next Gen Personal Finance to provide 498,000 primarily black and Latino students with access to a financial literacy course.
All affected students belong to one of 639 public high schools across New York City Public Schools, Charlotte-Mecklenburg Schools, Fulton County Schools, Guilford County Schools, Detroit Public Schools Community District, and public high schools in Philadelphia. All the schools have populations of black and Latino students anywhere between 56% and 95%.
This grant will provide each student with access to the financial literacy course. It also supports a personal finance specialist who will “provide curriculum support and professional development to teachers.” The grant further funds “expansion of NGPF’s online curriculum offerings and the creation of student investment clubs coordinated via the personal finance specialists in cooperation with teachers,” according to the organization.
DC STUDENT PROFICIENCY IN MATH AND ENGLISH PLUNGES, ESPECIALLY FOR MINORITIES
NBA Draft Hornets Quandary”Students will graduate understanding how to maintain good credit, invest in the stock market, and prepare financially for life after high school,” NGPF’s Senior Program Manager Tori Mansfield said in a press release.
Montana State University’s Dr. Carly Urban conducted a study that found only 1 in 9 students have access to financial literacy courses outside of eight states — Alabama, Mississippi, Missouri, Iowa, North Carolina, Tennessee, Utah, and Virginia — that the release acknowledges already guarantee a course statewide. At schools where “more than 75 percent of students eligible for free or reduced-priced lunch or more than three-quarters Black and Hispanic student populations,” she found that the number drops to 1 in 20.
Meanwhile, 50.8% of black students take out student loans, with 60% of black student loan borrowers who are still in debt not owning a savings account. Out of Hispanic student loan borrowers, 67% maintain debt, and another third reported they delay getting married because of it. Additionally, 37% said they put off having children as a result of their debt.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Both black and Hispanic home buyers have a lower credit score than the national average of 728, with Hispanics reporting a 701 average and black people reporting 677. They also report lower percentages in stock ownership, with only 7% of Hispanic households and 9% of black households owning stock, while 36% of white households do, according to the office of Social Security.
