Mayor's Office and DollarWise Help

Financial Education = Financial Literacy
Posted on 10/04/2018
Image of Grants Sign(Maria Lindsay for Akron.com/West Side Leader)

Officials from Akron and the manager of the Mayors for Financial Literacy program, an initiative of the United States Conference of Mayors, celebrated the 2018 DollarWise Grant awarded to the Mayor’s Youth Leadership Council (formerly Akron Peacemakers) in support of teen financial literacy.

According to city officials, the DollarWise program is dedicated to the idea that all Americans can benefit from increased access to financial education. As individuals become more financially literate, they become better prepared to build stable families, to help themselves and their children gain education, to be productive members of the workforce, and to contribute to their communities.

Officials said the grant will fund an ongoing youth-led financial literacy program to be made available for Akron high school students. This innovative financial literacy program will empower students to become financial literate educators to their peers through scheduled workshops. Up to 24 student and 10 adult facilitators will assist in delivering the program, and both the teen facilitators and attendees can potentially win a $500 scholarship for their participation.

The Mayor’s Youth Leadership Council’s work on teen financial literacy is sponsored and supported by the U.S. Conference of Mayors, Bank of America, Akron Public Schools, Goodyear Tire & Rubber Co., H&R Block, Huntington Bank, Akron Summit County Public Library and the United Way of Summit County, according to officials.

“This program perfectly complements the work the city is already doing to financially empower Akron residents,” said Akron Mayor Dan Horrigan. “With the opening of our first Financial Empowerment Center in the Kenmore neighborhood this year, we have begun to target working adults who need assistance with budgeting, managing debt and increasing savings. This DollarWise grant allows us to now also target our youth, to better equip our young residents with the financial competency to transition to the responsibilities of adulthood.”

The newly reconstituted Mayor’s Youth Leadership Council will provide Akron’s youth with a forum to become “champions for change” and offer a voice in city government. To join the group, visit governmentjobs.com/careers/akron. The deadline for students to apply is Oct. 19. To learn more about the Council, visit mylcakron.org.
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