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Financial Literacy

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Op-Ed: We Can Start All The Financial Literacy Programs In The World, But Low-Income Individuals Need More Money Too

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. WNBA superstar Angel Reese and former NBA superstar Magic Johnson joined forces recently to create Wealth Playbook , a financial literacy program for high school students in Baltimore, MD. The program is a partnership between the Angel C. Reese Foundation, the Magic Johnson Foundation, and Pull Up Neighbor, an advertising firm focused on community outreach. Through the program, students will learn how to manage their money and build long-term wealth. The program is split between four sessions, with beginnings at Saint Frances Academy, Reese’s former high school in Baltimore. The first session was a lesson in budgeting, understanding credit, and basic money-management skills. There’s no denying that financial literacy classes are needed, but who really gets to benefit from them? Both Johnson and Reese have basketball in common, but they are also in a privileged position to have so many resources at...

May 23, 2025

Youths Across The World Are Quickly Discovering That They Can't Turn To TikTok For Financial Advice

If you’ve grown up in the digital age , you likely have some understanding of how unreliable information spreads across the net. Millennials far and wide have been inundated with enough YouTube troll comments, Nigerian prince emails and “free iPhone” pop-ups to build a healthy skepticism of internet browsing. Now, it seems that this learning curve has become a perennial part of growing up, as Gen Z and Gen Alpha are surmising that social media apps like TikTok are rife with terrible financial advice. New studies from researchers at Intuit Credit Karma estimate that over 77 percent of Gen Z kids are looking to influencers on the short-form video app for money management, while roughly 61 percent of millennials are doing the same on YouTube and Facebook . In order to understand just how damaging these financial words of wisdom can be to a growing audience of youngsters, lets take a moment to briefly run through the data, and see exactly where young people are being led astray. After...

Mar 3, 2025

13-Year-Old Financial Literacy Educator Caden Harris Graduates High School

Thirteen-year-old Caden Harris remains on the path to greatness.

Oct 12, 2023

Magic Johnson Gives A Combined $6K To 2 Washington, D.C. Students Under The Condition That They Open Bank Accounts

Magic Johnson wants to ensure the youth have an early start on their road to financial literacy.

Sep 8, 2023

Maelstrom Fund Partners With The Jackie Robinson Foundation And World Of Money To Provide Financial Education For BIPOC Teens

Our Wallet is on a mission to provide teenagers from BIPOC backgrounds with financial literacy education.

Aug 31, 2023

Stackwell Capital Forms Partnership To Create Investment Accounts With $250 For Spelman College Students

Stackwell Capital is staying true to its commitment to help Black Millennial and Gen Z populations grow their wealth.

Aug 9, 2023

This Elementary School Teacher Has Her Students 'Paying Rent' — Here's Why

While Financial Literacy Month is recognized in April, people should embark on their journey toward financial wellness and freedom year-round. And an elementary school teacher has put the sentiment into action.

Apr 26, 2023

Miami-Based Startup Kiddie Kredit Raises $1.4M With Support From Dwyane Wade And Baron Davis

Evan Leaphart is keeping the financial future of the next generation in mind.

Apr 25, 2023

Xavier University Of Louisiana Students Gain Financial Advantage By Completing Crypto Literacy Program

A financial curriculum on evolving currency has bettered the lives of 55 business students at the Xavier University of Louisiana.

Feb 27, 2023

Saweetie's ICY Baby Foundation To Launch A Financial Literacy Program For Black And Brown Youth

Saweetie is dedicated to passing on knowledge to the next generation.

Dec 13, 2022

Shaquille O'Neal's Recalls Why He Didn't Enter The NBA Sooner — "Momma said, 'You're Not Ready, Baby'"

Shaquille O’Neal could have been making millions of dollars after his sophomore year in college, but his parents halted his decision for good reason.

Dec 1, 2022

Opinion: Will NIL Deals Help Better Black Athletes' Futures?

NIL deals are here to stay, whether you like them or not. After all, the NCAA generated over $1.15 billion in revenue in 2021, and up until then, it was illegal for athletes to be compensated.

Oct 18, 2022

Quavo Says Migos Didn't Have A Bank Account For Their Millions Of Dollars For 5 To 6 Years — 'We Used To Hide Money In The Floors'

The evolution of Migos has been one to watch in Hip-Hop over the years. Nearly a decade since being signed to Quality Control, the trio has yet to be knocked out of their spot. As previously reported by AfroTech, each member’s respective consistency has garnered them a combined estimated net worth of $80 million.

Oct 7, 2022

After Pitching To Over 100 VCs, This Black Founder Raised $4.4M In Funding For His Invite-Only Money Club Pre-Product, Pre-Launch

Financial literacy does not have to be presented as a foreign concept, at least that’s what this founder believes.   View this post on Instagram   A post shared by nmc (@neonmoneyclub)

Sep 27, 2022

Kevin Hart Shares His First Comedy Special Was A $750K Investment That Made Him A Profit Of Around $10M

Kevin Hart is working to spread the knowledge that financial health is wealth.

Sep 23, 2022

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