Philly-based Women’s Way hosted its first Gender Wealth Summit earlier this month to start a conversation about barriers to wealth and how we can challenge them. | From: Technical.ly (Read more.)
In 2021, a Credit Sesame study announced that 54% of Black Americans said they had low credit or no credit, 53% had credit cards, 53% reported living paycheck to paycheck, and 21% of Black Americans had student loans. Good credit may be an adept strategy to propel financial wellness, and now is a better time than ever to develop your credit! | From: Fun Times (Read more.)
Tracey discusses the urgency of financial literacy programs in eliminating generational poverty. (Read more.)
Taina talks about why financial literacy is essential to empowerment. (Read more.)
Philadelphia Financial Scholars (PFS) launched this week to help high school students develop “wealth-building tools” via lessons on budgeting and saving, as well as building a business plan. | From: Technical.ly (Read more.)
Bridges to Wealth, a University of Pennsylvania nonprofit, teaches high school students, parents, and their neighbors in communities struggling to break out of poverty how to build personal wealth, begin investing in businesses as Beyoncé does, and managing their credit scores using computer technology. | From: The Philadelphia Citizen (Read more.)
Ambitiously titled “Ending Hunger. For Good,” the initiative will involve Philabundance’s collaborating with partners who provide social services to low-income people in the region, then monitoring the results over time. | From: The Philadelphia Inquirer (Read more.)
Anti-poverty advocates in Philadelphia, even ones that support the legislation, said cashless businesses weren’t a concern before City Councilman Bill Greenlee introduced his bill. | From: WHYY (Read more.)
This week:
• Poor People’s Campaign seeks to revive MLK’s vision | From: WHYY
• Why Philly should bring back the rooming house | From: The Philadelphia Citizen
• Can financial literacy solve Philly’s poverty problem? | From: Generocity
• The Reentry Project wins national journalism award for community engagement | From: The Reentry Project
• An Interview with Broke in Philly’s editor | From: NewsWorks
• Get to know Broke in Philly: Collaborative reporting on economic justice
• Journalists gather to study the practice of solutions journalism (Read more.)
Financial empowerment and wealth building are micro-level fixes for a macro-level problem — but they can make a difference on an individual level. From: Generocity (Read more.)
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