Research shows that financial literacy is an important component of sound financial decision making, and many young people wish they had more financial knowledge. In a 2009 survey on credit card usage among undergraduate students, 84% of students said they needed more education on financial management topics, 64% would have liked to receive information about financial management topics in high sch
ool and 40% would have liked to receive such information as college freshmen (Sallie Mae 2009). Understanding financial literacy among young people is thus of critical importance for policymakers in several areas; it can aid those who wish to devise effective financial education programs targeted at young people as well as those writing legislation to protect younger consumers. Such predicament prompted us to establish Foundation of HOPE, Inc., with the aim of assisting and raising awareness among low-income, banked and underbanked families and citizens, to empower and enhance their skills to better manage their assets and finances. We believe that by raising consciousness about proper resource management beginning in the household, we will be able to rise up together and become a stronger community. With the end goal of enabling the optimal use of the already scarce resource pool, Foundation of HOPE, Inc., works with women, youth, and young adults to integrate social control as well as civic and economic responsibility in the knowledge and system base of every individual. We offer an array of financial literacy workshops to help participants build assets and work toward realistic financial goals; and concentrate our efforts on group sessions as we collaborate with other agencies and nonprofit organizations that provide services to women, youth and young adults. "Helping Outstanding People Succeed through Education and Empowerment (HOPE)"