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Join us in our mission to develop BIPOC financial literacy acumen through training and coaching

How would your life be different if you felt confident about personal finance and your relationship with money?

Many Black, Indigenous and people of color (BIPOC) deeply desire financial success and freedom, yet lack access to information, knowledge and support.

Financial literacy is one of the many structural factors driving the racial and gender wealth gap in the U.S.

• According to the 2020 TIAA Institute-GFLEC Personal Finance Index, financial literacy is lower among females, younger adults, lower income individuals, and less educated populations in the U.S.
• A 2018 National Financial Capability Study (NFCS) found similar trends, and also concluded that when compared to White and Asian communities, Black and Hispanic communities demonstrated substantially lower financial knowledge. 

Black, Indigenous, and Hispanic communities have historically had more limited access to financial literacy education and resources. This limited access can be attributed to the social, legal, and political barriers to wealth building these communities have historically faced in the U.S., and a lack of intergenerational wealth transfer.

Higher rates of financial literacy are connected to more effective saving and retirement planning, both of which contribute to household and generational wealth. While financial technologies and services have continued to increase over the years, access remains limited for young adults and underserved communities who cannot afford these high-impact services (Milken Institute, 2021).

Financial literacy provides the promise of driving greater access to financial stability and greater economic equality in the U.S., and is crucial to the long-term emotional, social, and financial efficacy and well-being of underserved communities.