The company’s CEO, Jacob Corlyon, kicked off the initiative last month by speaking at four high schools in the Syracuse area.
10/09/2023 3:10 P.M.
2 minute read
CCMR3, an ACA International member company based in Syracuse, New York, recently announced the launch of a new financial literacy initiative aimed at educating students on the importance of financial education.
Last month, CCMR3’s CEO Jacob Corlyon launched the initiative by speaking at four high schools in the Syracuse City School District. Through these visits, he taught valuable lessons on the significance of saving, responsible spending, and cultivating effective spending habits to nurture success in the future.
“Financial literacy is critical for the long-term financial well-being of individuals and families,” Corlyon said. “Without a solid foundation of financial knowledge, it’s difficult to make informed decisions about things like saving, investing, and managing debt. Our financial literacy initiative is designed to help bridge the gap and provide individuals with the knowledge and tools they need to make informed financial decisions.”
According to a recent study conducted by the FINRA Investor Education Foundation, only 34% of Americans were able to answer at least four out of five basic financial literacy questions correctly, suggesting that most adults in the U.S. lack the necessary financial knowledge to make informed decisions about their money.
“We believe that everyone should have access to financial education and resources, regardless of gender or income level,” Corlyon said. “By providing individuals with the tools they need to make informed financial decisions, we can help bridge the gap and create a more financially literate society.”
Financial literacy levels vary by age, with older adults typically having a higher level of financial knowledge. However, this knowledge tends to decline as individuals reach retirement age, which could lead to poor financial decision-making during a critical period of life.
“Retirement planning is an important aspect of financial literacy, and it’s something that many individuals struggle with,” Corlyon said. “Our financial literacy initiative provides individuals with the knowledge and resources they need to make informed decisions about retirement planning and ensure that they’re able to retire with confidence.”
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