Filling the Financial Knowledge Gap for Young Adults
The Babson Financial Literacy Project (BFLP) is a not-for-profit initiative designed to help young adults acquire the necessary financial knowledge and skills for long-term independence and prosperity. An important part of our mission is to fill the financial literacy gap for underserved populations.
Being financially savvy in today’s complicated world is challenging. Most young adults do not receive financial education and are left to their own devices to make financial decisions. Many overspend, take on too much debt, and don’t think about planning for the future. While there is no shortage of online personal finance content, many young adults are not aware of their knowledge gaps or motivated to learn independently. That’s where we come in.
The BFLP prepares young adults to manage their financial futures through engaging, interactive workshops that teach highly relevant financial lessons in a community setting. We provide coaches to lead workshops or train staff at our delivery partners to lead them on their own. Workshops are delivered online or in person, and online learning modules and tools support the program.