Financial Literacy is Poverty Prevention

NYFEC has aligned with the national movement to cut poverty in America by half by 2018.
Poverty is defined as an American family of 4 earning $1,665 or less per month.

Our Mission: Provide financial literacy course materials available to over 500,000 + young adults – especially those living in challenging economic situations - by February 27th 2012.

One of the biggest issues facing this Country - Poverty:

One out of eight Americans now lives in poverty.
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Nearly one out of five children is considered poor.
   
Over 37 Million Americans were living in poverty in 2005.
How Financial Literacy Helps: Below are 3 simple examples of how even the most basic financial education will help those that need it most.

Credit Knowledge: A person with a 15,000 car loan with good credit could save $456 per year vs. someone with bad credit.

Investment Knowledge: A person that just invests $50 for five years could be earning $400 a year interest.

Budget Knowledge: Learning basic budget techniques a person can save hundreds of dollars each year in avoiding overdraft and over-the-limit fees.

Global Movement: Helping people overcome challenging economic circumstances will empower millions to help others to save the 50,000 people that die every day because of extreme poverty. This movement to strengthen the financial well-being of Americans will help us to accomplish the United Nations Millennium Development Goal of eradicating starvation and extreme poverty.

Contact us to find out what you can do to help out.