One of the reasons the Black community has been susceptible to displacement which has led to the gentrifying of our communities is the lack of wealth and financial literacy. In order to create wealth in our communities rather than cycles of poverty, it is important to raise the level of financial literacy that youth and young adults are not too young to know.
The ethical approach for Faith for the City is to appreciate a more wholistic approach to financial health that is connected to resources and not just a capitalistic concern with only money. For people of privilege who have been involved with social justice, community mobilizing, and engagement sometimes the issue of wealth and economics has been left off of the table; that is a problem. Those who are the most marginalized need the understanding of financial independence not just individually but collectively.
While very much geared to youth and young adults, this information is offered as both a workshop and a program and is appropriate for all ages. The programmatic approach for this content will be a multi-media engagement that will supply participants with two book resources for free; Financial Literacy for Millennials by Andrew Smith and Financially Irresponsible by Rhakim Sabree. The subjects covered will include
- Financial Planning
- Business and Entrepreneurship
- Savings and Banking
- Budgeting and Spending
- Credit and Debt
- Avoiding Scams
- Government Benefits
- Legal Issues