10/22/2023 0 Comments Official titania lynOne of those main barriers is financial literacy – the understanding of concepts like saving, investing and debt that leads to an overall sense of financial well-being.Īs we know well, financial literacy is a lifelong tool, intended to give people the resources they need to achieve financial stability. Native college students, already a minority in higher education, face barriers in financing higher education. Native Americans face higher poverty rates, overcrowding in homes, and inequitable health status including poorer social determinants of health, compared to other Americans. ![]() Investment in these areas in Indian Country promotes a cycle of social and economic prosperity and contributes to building equitable wealth. Consultations with Tribal leaders and conversations with Native youth during this past year have helped the Treasury Department affirmatively identify that health, education, public safety, environment, and business development are all interconnected. Today I share a few thoughts on the state of financial literacy and challenges with you. State of Financial Literacy in Indian Country Thank you FLEC Chair Nellie Liang, Vice Chair Rohit Chopra, and Deputy Assistant Secretary for Capital Access Suzanna Fritzberg for the welcome and many thanks to the other the FLEC members for your continued efforts to advance financial literacy across America – including Indian Country.
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