Op-ed: Financial literacy is the civil rights issue of this generation
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Financial literacy is the civil rights issue for this generation, writes entrepreneur and Operation Hope founder John Hope Bryant. Financial literacy is arguably the least expensive and most effective tool for community economic development in existence today. Economic growth provides jobs, increases wages, and leads to a higher standard of living for its citizens. However, the engine for economic growth is not simply having more businesses or more products. It is the increased participation of people within the economy. Research shows that financial security increases with financial education. Financial literacy plays a pivotal role in transforming one's relationship with money, understanding investments, compound interest, savings, and navigating the complex world of credits and debits. Accessible funding for Black and brown entrepreneurs, financial wellbeing benefits in the workplace, and conversations about private sector work within communities are also crucial for achieving financial equality. By raising credit scores and providing financial education, communities can experience profound transformations in terms of life expectancy, education levels, homeownership rates, and crime rates. Financial literacy is a fundamental right that should be accessible to all individuals.

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https://www.cnbc.com/2024/04/16/why-financial-literacy-is-the-civil-rights-issue-of-this-generation.html