Financial Literacy in Economy

In my Autoethnography, I described my encounters with stereotypes in my household and the American Education System. How loved ones who sacrificed everything and migrated to provide us with an educational opportunity expect bilingual students to become fluent in English. The outdated American education system is unofficially equipped with non-certified staff to support native speakers. In my project two, I discovered that literacy in English proficiency support isn’t the only essential skill our education system fails to teach the American student. However, I missed centralizing my faultline. So in Project three, I incorporate the faultline in Orange County, Los Angeles, California. Orange County, Los Angeles, depicts the negative impacts explicitly that low-income families face with no financial education. The lack of Financial Literacy through our education system is seen throughout the economy, primarily now as we live through a rescission. Since the beginning of quarantine, due to Covid -19, our economy has shut down. This recession has brought many negative impacts, especially financially, to American families and citizens. High school parents and students speak their voice for their students who have no financial education to support them through their transition into adulthood. Many students, especially college students, experience the economic impact through their youthful years. Long-term negative encounters include no money management skills to pay bills such as tuition, rent, or debt. The tragic reality is that college students who were not informed of financial aid now face tuition debt in which now they will pay off through the years. Although education systems are yet to instituted financial education, community programs in Orange County have taken action due to increased positive impacts seen throughout students.

Boys and Girls Club of Capistrano Valley is located in Orange County, Los Angeles. Their local students are provided with the Charles Schwab Money Program. Students ages 13–18 are taught money management skills. This includes checking, saving, investing etc. Other education such as how to pay college or start a small business. The

In Orange County, Los Angles, Los Alamitos High school, Parents voice their opinions on how there students’ arent getting the finical education they need to support them through adulthood. Parents express their concerns students may encounter the economic issue that they faced in the near future.

Work Cited:

Hoss, Shelley. “ Financial literacy is Key to Self-Sufficiency.” Orange County Community, foundation 07 April 2020, https://www.oc-cf.org/financial-literacy-is-key-to-self-sufficiency/. Accessed 22 October 2020.

Diamond, Phil . “ Annual Financial Report For the end September 30 2018” CPS Orange County Comptroller, 30 September 2020, https://www.occompt.com/download/Citizens%20Annual%20Financial%20Reports%20(PAFR)/PAFR_2018.pdf. Accessed 22 Ocutber 2020

Brotz, Daniel. “ Why Most High schoolers Don’t know How to Manage Their Money” U.S News and world Report, 09 Octuber 2012, https://money.usnews.com/money/personal-finance/articles/2012/10/09/why-most-high-schoolers-dont-know-how-to-manage-their-money.Accessed 20 Ocuber 2020

“ Financial Literacy Costs: Causes, Consequences“ Financial educator NFEC. 2020 https://www.financialeducatorscouncil.org/personal-finance-company/ access 24 October 2020

Custodio, Spencer and Ellatar , Hosam. “ Orange County Unemployment Rate Remains High as

Potential Second Coronavirus Wave looms.” Voice of Orange County. https://voiceofoc.org/2020/10/orange-countys-unemployment-rate-remains-high-as-potential-second-coronavirus-wave-looms/.Accesd 24 October 2020

“ Financial Assistance” Orange County . Our Community, Our Commitment. 13 October 2020. https://www.ocgov.com/residents/financial/. Accessed 20 October 2020