Introduction: Enhancing Financial Literacy Through Strategic Grants
Citizens Financial Group has allocated $2.4 million in grants aimed at empowering 137 nonprofit organizations to improve financial literacy. This significant contribution includes a notable $415,000 awarded to Junior Achievement through the bank’s initiative, Citizens Helping Citizens Manage Money. These efforts align with recent survey findings highlighting the pressing need for enhanced financial education among the youth.
Insights from a Youth Economic Wellbeing Survey
A recent survey, conducted in collaboration with Junior Achievement, revealed a troubling glimpse into the financial anxieties of American teenagers. It showed that 78% of the 1,000 teenagers surveyed are stressed about financial matters, and 74% feel their family’s financial situation could hinder their future ambitions. This study underscores the critical disconnect between the financial education available and the robust desire among teens to learn money management skills.
Empowering Future Generations
Citizens Financial Group’s CEO, Bruce Van Saun, emphasized the company’s commitment to equipping society with essential financial knowledge, aiming to bridge the wealth gap and unlock economic opportunities. The initiative not only provides educational resources but also includes active involvement from Citizens associates who dedicate their time to teach financial literacy. This proactive approach is pivotal in fostering both the financial and emotional wellbeing of today’s youth, preparing them for a financially stable future.
About Citizens Financial Group, Inc.
Established as one of the oldest and largest financial institutions globally, Citizens Financial Group boasts $222.0 billion in assets. Headquartered in Providence, Rhode and operating across 14 states and the District of Columbia, Citizens offers comprehensive banking services to a diverse clientele, including personal banking, wealth management, and commercial financial solutions. The institution prides itself on understanding client needs and providing expert guidance and tailored financial solutions, reinforcing its commitment to helping clients achieve their potential.