#USA #Stamford #Synchrony #financial literacy #Education Initiative

Synchrony Commits $1 Million to Advance Personal Finance Education

In a significant move aimed at enhancing financial literacy, Synchrony, a prominent consumer financing firm, has announced a major investment of $1 million targeted at K-12 educators across the United States. This program, named Empowering Financial Futures, aims to equip teachers with the necessary tools and resources to effectively instruct students in personal finance education, an area many educators find crucial yet challenging.

The announcement was made following a survey conducted by Synchrony in collaboration with notable organizations such as the Council for Economic Education and DonorsChoose. The survey revealed that over 80% of teachers consider financial education essential for student success. However, two-thirds of those surveyed reported facing difficulties in engaging students and accessing relevant teaching materials, which underscores the necessity of such initiatives.

Denise Yap, President of the Synchrony Foundation, emphasized, "Building a healthier financial future begins in the classroom. By empowering K-12 public school teachers with the right resources, we can create opportunities that lead students towards financial security and economic mobility."

The Empowering Financial Futures program is part of Synchrony's broader philanthropic effort, Education as an Equalizer, which aims to expand access to education and skills training within communities. As financial education becomes increasingly recognized as a vital component of school curricula—35 states now require students to complete personal finance courses to graduate—the demand for well-trained educators has never been higher.