Unlocking financial futures for youth |
The ScholarShare Investment Board, led by Executive Director Cassandra DiBenedetto, emphasizes the importance of financial literacy for youth, stating, “Financial literacy is not natural to most communities, so it has to be taught.” On April 5, the board collaborated with Golden 1 Credit Union to host an event for high school students and families in Sacramento, focusing on banking basics and college savings through the California Kids Investment and Development Savings Program (CalKIDS). California State Treasurer Fiona Ma highlighted the initiative, saying, “Whatever you all want to be, money should not be the barrier.” Launched in 2022, CalKIDS automatically provides scholarship accounts for children born in California, aiming to reduce equity gaps and promote financial literacy. Events like these help dismantle cultural barriers around banking, as noted by Erica Taylor from Golden 1 Credit Union, who said: “Diverse communities often face cultural norms or distrust of institutions.”