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Teaching Personal Finance to Kids Can Help to Close the Black Wealth Gap

Just 21 states require students to take personal finance coursework to graduate high school, with only a handful mandating stand-alone classes, according to the Council for Economic Education. Yet the access to that education remains unequal and the impact is clear. In 2019, the median wealth of Black households in the U.S. was $24,100, compared with $189,100 for white households. As for the programs, less than 12% of students are required to take a stand-alone personal finance course to graduate high school, outside of the six states mandate it, research by Next Gen Personal Finance, a nonprofit focused on providing financial education to middle and high school students, found.

Breakingviews - Credit Suisse s spring clean has barely started

Tossing a few executives overboard won’t suffice for scandal-ridden Credit Suisse. The twin collapses of clients Archegos Capital Management and Greensill Capital must lead to deeper soul-searching at the Swiss bank. Restructuring and disposals may be necessary.

BSP partners with Cooperative Development Authority on Credit Surety Fund

BSP partners with Cooperative Development Authority on Credit Surety Fund

AGEWISE: Hot meal delivery planned again for Meals on Wheels

— LY Answer: Volunteering is a great way to give back and support your community. Senior Services’ Meals-on-Wheels program is an excellent opportunity for volunteers to not only provide a nutritious meal, but also to form friendships, share warm smiles, and provide a safety check for older adults, many of whom are living alone and having trouble preparing meals during the day. Just about one year ago, the Meals-on Wheels program, which prided itself on providing hot lunch-time meals to senior participants in the program each weekday, shifted its Meals-on-Wheels delivery process to delivering five frozen meals, once per week in an effort to slow the spread of COVID-19 and keep participants and volunteers as safe as possible. As the number of COVID-19 cases decrease and the number of people vaccinated increase in our community, Senior Services plans to resume hot, daily meal delivery on Monday, May 3rd. That goal can only be reached with the support of community volunteers

Thai households struggle with record debt, COVID-19 increases burden

5 Min Read BANGKOK (Reuters) - Thai farmer Jamras Kongchai is struggling to pay off 500,000 baht ($16,082) in debt as money from the sale of her crops is not enough to make payments. FILE PHOTO: People wearing face masks shop for street food in Chinatown amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, January 6, 2021. REUTERS/Athit Perawongmetha/File Photo Adding to the strain, the coronavirus outbreak has shut a small construction firm where she worked for $10 a day for much needed extra income. “I’m so heavily indebted and don’t know what to do,” said the 51-year-old, single mother of two, who travelled from the northern province of Kamphaeng Phet to join a demonstration of indebted rice growers in Bangkok late last month, asking the government to help reduce their debt burden.

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