Emanuel Community Development Corporation

According to research conducted by the American Bankruptcy Institute, the Federal Reserve, and the National Endowment for Financial Education, only one quarter of Americans feel well informed about managing household finances. Among parents with children five or older, only 26% feel well prepared to teach their kids about basic personal finances. Many people in this country are lacking in their ability to read, analyze, manage, and communicate about the personal financial conditions that affect their material well-being. Financial literacy empowers individuals to navigate the complex financial world, and assists families in entering the economic mainstream. Quality financial education assists individuals with their ability to "discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future, and respond competently to life events that affect everyday financial decisions, including events in the general economy"