Accessing Financial Literacy Workshops in Wisconsin
GrantID: 15896
Grant Funding Amount Low: $10,000
Deadline: Ongoing
Grant Amount High: $20,000,000
Summary
Grant Overview
Local Barriers to Financial Literacy in Wisconsin
In Wisconsin, financial literacy remains a significant barrier for many Black youth, with studies indicating that only 28% of high school students in the state feel confident about managing their finances. The economic landscape is diverse, but disparities remain stark, especially in urban centers like Milwaukee where the poverty rate can reach 30% among Black families. This lack of financial knowledge directly impacts youths’ ability to manage their finances, leading to long-term economic disadvantages and limiting their opportunities for advancement.
Who Is Affected by Financial Literacy Gaps
Black youth in Wisconsin, particularly in urban areas, face compounded challenges when it comes to financial education. Many come from backgrounds where financial literacy is not emphasized, often resulting in a gap in critical skills such as budgeting, saving, and investment. The absence of culturally relevant resources compounds these issues, leaving young people ill-prepared for personal and professional financial responsibilities.
Funding to Remove Barriers
The proposed funding will support the development and implementation of financial literacy workshops specifically designed for Black youth in Wisconsin. These workshops will leverage interactive tools and local financial experts to equip participants with essential budgeting, savings, and investment skills. By removing these barriers, the initiative aims to empower participants to achieve financial independence and stability as they embark on their career journeys.
Application Realities and Local Context
Organizations interested in applying for this funding must demonstrate their capacity to engage with the local community and deliver these workshops effectively. Applications should detail the qualifications of facilitators, any partnerships with financial institutions, and plans for ongoing support post-workshop completion. A focus on addressing the specific socio-economic challenges faced by Black youth in Wisconsin will be essential to align with the funder’s goals and create sustainable impact.
Eligible Regions
Interests
Eligible Requirements
