Power Financial Credit Union, based in Pembroke Pines, Fla., and the South Florida-based Jason Taylor Foundation have partnered to launch a financial literacy initiative for students.
Florida now requires personal finance education for high school graduation. However, according to Power Financial, data shows that Gen Z has the lowest financial literacy rate at 38% and 72% of U.S. adults say they would be better off now if they had learned the basics of money management earlier.
As part of the initiative, poets from the foundation's bluapple Poetry Network created an original piece focused on financial literacy and money management. The Jason Taylor Foundation, established in 2004 by former Miami Dolphins defensive end Jason Taylor, supports programs focused on education and youth development, including the bluapple Poetry Network.
Power Financial President/CEO Allan Prindle said the initiative is part of the credit union's effort to reach students before they face financial challenges.
"As we celebrate 75 years of service, we are committed to finding bold, unique ways to reach the next generation before they face the financial pitfalls that so many encounter," Prindle said. "Financial literacy is a critical life skill, yet too often it's learned only after costly mistakes are made. By partnering with the Jason Taylor Foundation and these incredibly talented poets, we're making complex financial concepts more relatable, accessible and memorable."
Seth Levit, executive director of the Jason Taylor Foundation, said the poets' own experiences helped shape the message.
"The three poets who developed this piece are emerging professionals who have recently entered the work force and are now navigating the opportunities and challenges of money management themselves," Levit said. "With April uniquely recognizing both Financial Literacy Month and National Poetry Month, it created the perfect moment to partner with our friends at Power Financial Credit Union on a campaign designed to inspire, educate, and empower youth across South Florida."
The credit union has more than $1 billion in assets and nearly 35,000 members.
Joyce Moed can be reached at joyce.moed@arc-network.com.
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