Flint Launches Youth Financial Literacy Initiative
Flint Mayor Sheldon Neeley, in collaboration with Financial Plus Credit Union, has introduced the “Building the Dream” program aimed at enhancing financial literacy among the city’s youth. This initiative kicks off by encouraging schoolchildren to save money in piggy banks, promising to help them open their own bank accounts with an initial deposit. Financial Plus is further incentivizing participation by adding $10 to new Kids Club memberships, and an extra $5 for students who save to the brim of their piggy banks.
Tackling Financial Disparities in Flint
Mayor Neeley’s program isn’t just about teaching kids to save; it’s a strategic move to address broader economic challenges, particularly the racial wealth gap prevalent in Flint. By connecting young residents directly with banking services, the initiative aims to reduce the number of unbanked households and lay a foundation for future financial stability. “This program is about giving every family in Flint the chance to build generational wealth,” Neeley stated, emphasizing the power of financial education to transform communities.
Empowering Flint’s Youth with Financial Knowledge
Through hands-on saving exercises and banking experiences, children in Flint are learning crucial financial skills early in life. “We’re committed to supporting our members’ financial goals at every life stage,” said Brad Bergmooser, CEO of Financial Plus. The program also facilitates community engagement, with financial literacy materials available at local service centers and city hall, ensuring families have easy access to the tools needed for financial empowerment.
This partnership between Flint’s leadership and Financial Plus Credit Union illustrates a proactive approach to financial education, aimed at equipping young people with the knowledge to navigate economic challenges and thrive financially. Through initiatives like “Building the Dream,” Flint is taking significant steps towards reducing economic disparities and fostering a financially literate future generation.