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Article: ABA Education Foundation Offers Financial Tips in Observance of Black History Month
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 23, 2008
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The American Bankers Association issued the following news release:
In observance of Black History Month, the ABA Education Foundation is emphasizing the importance of financial education for ethnic and minority groups.
"As financial options have grown, so has the need for financial education," said Laura Fisher, director of the ABA Education Foundation. "A sound understanding of money management gives people the skills and know-how to make successful financial decisions."
Education plays a critical role in money management, and research shows minority communities have both the need and desire for more financial education:
* Whites tend to save more on a monthly basis than blacks, according ...