Home » Citizens Bank gives $2.4 M for financial empowerment

Citizens Bank gives $2.4 M for financial empowerment

by UNN Feed

CENTRAL FALLS, R.I. (WPRI) — Ahead of Financial Literacy Month in April, Citizens Bank volunteered at the Segue Institute for Learning in Central Falls to teach middle schoolers some important skills.

Citizens Bank Chairman and CEO Bruce Van Saun was at Tuesday’s event.

“They’re learning about credit scores and how important they are for your financial well-being,” Van Saun said.

“It’s actually a life skill that should be taught at a young age,” he added.

The bank also announced it will be awarding $2.4 million in financial empowerment grants to support 137 nonprofit organizations.

Of that funding, $177,000 will go to 10 Rhode Island nonprofits including Amos House, United Way of Rhode Island, and Meeting Street.

According to a survey of 1,000 teenagers conducted by the bank, 78% reported that they are stressed about money.

The survey also revealed that 77% of teens said they’d be interested in taking a course to better understand how to manage money, but only 42% said they received some kind of financial literacy lessons in school.

“One of the things they would like is more education that helps give them more confidence and ease that anxiety,” Van Saun said.

You can learn more about the bank’s Citizens Helping Citizens Manage Money financial empowerment program here.

Read the full article here

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