ABA Foundation and Junior Achievement Announce Partnership to Empower America’s Youth With Money Skills
WASHINGTON — The American Bankers Association Foundation and Junior Achievement today announced a new two-year partnership to work collaboratively to help our nation’s youth build the financial knowledge they need to own their economic success and plan for the future. The ABA Foundation and Junior Achievement will work in tandem to bring financial concepts to students across the country and prepare them for success in a global economy.
“With millions of Americans facing economic uncertainty amid the ongoing pandemic, the need for financial knowledge has never been greater,” said Corey Carlisle, executive director, ABA Foundation. “We are thrilled to partner with Junior Achievement, which shares a similar mission to the Foundation and will be a fantastic teammate in helping to educate young people on how to navigate the many challenging financial situations life can bring. Together, we will work to provide innovative financial education that reaches kids where they are.”
Through this new partnership, Junior Achievement and its network partners will leverage the ABA Foundation’s FinEdLink, a tool that pairs banker volunteers with classrooms and community groups interested in JA’s financial education programming being led by a banker. This will help maximize both banker participation in JA financial programs and the number of consumers reached with these important financial lessons.
Additionally, both organizations will work together to promote the Foundation’s annual Get Smart About Credit campaign. Through Get Smart About Credit, which is celebrated every October, banker volunteers teach high school students and young adults about managing credit wisely, managing their money, protecting their identity, paying for college, and the various careers available to them through the banking industry. Junior Achievement, which has its own programs aligned to Work Readiness, Financial Literacy, and Entrepreneurship Pathways, will explore ways to utilize the Foundation’s careers in banking, or ‘Bankers and You,’ content.
“Financial literacy and career readiness are two critical areas of focus for Junior Achievement, and the ABA Foundation is an ideal partner to help inspire and prepare young people with these skills,” said Jack E. Kosakowski, President and CEO of Junior Achievement USA. “We look forward to working together to impact countless students through this important partnership.”
The ABA Foundation and Junior Achievement plan to collaborate on additional topics such as career readiness and effective financial education programming as opportunities arise throughout their two-year partnership.
About the American Bankers Association
The American Bankers Association is the voice of the nation’s $21.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $17 trillion in deposits and extend nearly $11 trillion in loans.
About the ABA Foundation
Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
About Junior Achievement USA® (JA)
Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness, and entrepreneurship. Today, JA reaches nearly 4.8 million students per year in 105 markets across the United States, with an additional 5.2 million students served by operations in 100 other countries worldwide. Junior Achievement USA is a member of JA Worldwide. Visit www.ja.org for more information.
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Amy Kneesey, Vice Chairman of the Brevard County School Board
"It’s a way to expand our curriculum without having to put out more resources. That’s a win for everyone."
Beth Westfall, Assistant Principal West Side Elementary School
"JA is relevant to my school, more so now than ever."
Hilah R. Mercer, Principal Cambridge Elementary Magnet School
"Junior Achievement is an outstanding, motivating program for our elementary students. Several of [our teachers] had JA volunteers last year and all had great praise for the program"
Michael Johnson, PhD, UCF Professor, College of Education
"I have long believed that this JA experience is so valuable for our UCF students and that actually it is a rare win for all experience, the UCF students, the school teachers, the school students, the UCF Education Profs, and the JA sponsors."