Cents Ability, Inc.

Ms. Porter is a current NYC Department of Education executive superintendent for the Bronx and will officially become chancellor on March 15th. Ms. Porter started her career as a youth organizer in Highbridge and went on to join the #DOE as a teacher (and founder) at the Bronx School for Law, Government and Justice. She eventually served as principal at that school for 18 years. As a Bronx superintendent of school districts 7-12 and New Visions Affinity schools since 2018, she has overseen the largest gains in graduation rates of any borough.

The pandemic has widened the gap between Black-owned businesses and their white counterparts. Black-owned businesses declined by 41% between February and April 2020, compared with a 17% decline among White-owned businesses. Recent research shows that Black Americans’ knowledge of saving and investing significantly lags behind whites. As of January 2021, the unemployment rate for Black Americans was at 9.2% compared to 5.7% for white Americans.

The LeBron James Family Foundation announced the opening of a venue called House Three Thirty, which will provide #financialliteracy advice, job training, and recreational activities for Akron youth. The hub will join other major endeavors Lebron has started in Akron, including most prominently his I Promise School in 2018 and his I Promise Village transitional family housing in 2019. Kudos to Lebron for all his good work! #mondaymotivation

Ways to build a young person’s credit: - car registration - student loan - smartly maintaining a credit and debit account... The average annual rate quoted for a teen driver age 16 to 19 is between $2,267 and $2,999. Driving age is a fantastic time to talk about #financialliteracy and the importance of being a responsible driver.

Ariel Investments is partnering with JPMorgan Chase to launch an investment arm to help fund minority-owned businesses across the U.S. Ariel Alternatives has secured $200 million in initial funding from JPMorgan Chase. The initiative called Project Black aims to fill a massive diversity gap in the corporate America supply chain. Fortune 500 companies spend just 2% annually on minority-owned suppliers.

Follow @the.everyday.millennial on IG for great tips on money management, saving, investing and much more!

"No one should wait for federal, state, or municipal governments to implement comprehensive financial literacy programs for primary and secondary students. There are many free and commercial resources that are available to help us equip our children and even ourselves with invaluable financial literacy lessons." We look forward to continuing our free programming into 2021!

Earlier this month, the Federal Trade Commission and 48 attorney generals filed two separate antitrust lawsuits against Facebook. What happens now? Facebook must prove their case as to why they aren’t infringing on the competition. Their answers might help influence future legislation that will keep tech companies from growing too big and powerful just like the reigning in of big oil and big railroad in the late 1800s/early 1900s. #WednesdayWisdom #FinancialLiteracy #Antitrust #FinancialEducation Source: BusinessInsider.com

It’s long been recommended to keep an emergency fund for three months’ expenses but for some of us, that’s simply out of reach. Financial experts are now saying keeping as little as $100 in savings account can also make a difference! #FinancialLiteracy

Our Executive Director Roy Paul is honored to be participating in this free webinar on financial help in the age of COVID-19 hosted by OneMain Financial on Thursday, 12/10 at 1 PM CST! - Hear from Illinois' leaders - Learn how to manage your finances - Take steps to secure a financial future... - Learn tips to stop fraud and protect against scams Sign up below.

If you've ever wanted to volunteer with us, now is your chance! Our next volunteer teacher training is scheduled for January 8th at 12PM. Please sign up via our Eventbrite link below!

Daren Jaime interviewed our Executive Director Roy Paul for his show Perspectives on BronxNet. They discussed financial literacy, the potential for a next round of stimulus checks and what polices President-Elect Joe Biden needs to put in place to create economic mobility for Black Americans. Tonight at 6:30 PM. Tune in! @bronxnettv Optimum Ch.67/2133 or watch online!