According to recent nationwide studies, the high school drop-out rate amongst all young people is 30% nationwide, and in urban, inner city and under-served communities it hovers between 50-75%. This is very troubling for the nation, and an economic death sentence for America’s under-served. Something must be done.
Financial literacy has the power to change lives, families, and communities. In 2010 Operation HOPE and Gallup Inc. launched the groundbreaking Gallup-HOPE Financial Literacy Index. This vanguard research study demonstrates the qualitative and quantitative impact that financial literacy has on hope, wellbeing, and engagement in life. Through 5MK we want to bring the power of financial literacy to as many adults and children in America as we collectively can. We are going to show the country the power that financial literacy can have to impact pressing social issues, like the high school dropout rate.
We are calling on all organizations, no matter how great or how small, to make a pledge of action toward one or more of the 5MK objectives. How many children will you teach? How many adults will you empower? How many savings accounts will you open? How many adults will you educate about the earned income tax credit? How many volunteers will you send out into the community to teach financial literacy?
The collective effort of those who join with in this movement is going to bring financial literacy to the forefront of the minds of everyone in this nation—politicians, educators, business leaders, community advocates, parents, and children.
Join us in creating a platform for a new, dynamic conversation around financial literacy in America. It will create the opportunity for our business, government, community, and educational leaders to come together to devise and implement innovative solutions to increase the relevance of financial literacy relevant in America.
Let's show the world the power of collective action.
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