Financial literacy is one of the most under discussed and taught subjects in both African-American homes and public school curriculum. According to a study done by the Richmond Credit Abuse Resistant Education (CARE) Program, the number of 18-24 year-olds declaring bankruptcy has increased 96% in 10 years. Additionally, according to the National Council on Economic Education, only 7 states require students to take a personal finance course to graduate. The current and future financial literacy initiatives of IPCI aspire to:

• Promote the recognition of the obstacles and challenges impeding a more robust socioeconomic progression of middle class black America
• Equip African-American students with the tools necessary to assume post-secondary financial responsibilities with ease
• Promote the vision of a thriving and financially savvy young African-American generation

Resources

The books listed below are excellent resources and references on financial literacy and socioeconomic matters in the African-American community. Additionally, these resources go into greater detail about:

• Solutions to current and expected challenges in the economic development initiatives of inner city communities
• Building a solid financial foundation for high-school and college students
• Research of the daily habits, routines, mentalities and choices of today’s American millionaire
• Spiritual guidance on financial decisions for everyday living