An Applied Case Study Analysis of Potential Societal Importance of Financial Literacy Education for African-american and Latino American Adolescents
A recent Charles Schwab study uncovered that most parents felt more equipped to provide their teenage children sex education advice than insight on savings, money management, and investing. The study results might shed light on why average Americans are so unskilled when it comes to significant financial and important money matters (Palmer, 2008). This applied research case study explores the value and potential impact of financial literacy training on adolescents through the use of a resource booklet and supporting course materials with special emphasis on African-American and Latino American communities. The absence of financial literacy along with the foreclosure crisis threatens the financial health of US families. Moreover, it has become predominantly destructive to African-American and Latino families, of which whom already lag behind their white counterparts in terms of education, generational wealth, and income. Furthermore, the indirect loss in wealth that results from foreclosures and depreciation will excessively influence minority communities. The Center for Responsible Lending estimates that between 2009 and 2012, $194 million and $177 billion will be loss from Latino and African- American communities (Lowery, 2010).
||Financial Literacy Training
International Journal of Interdisciplinary Social Sciences, Volume 6, Issue 3, pp.245-260.
Article: Print (Spiral Bound).
Article: Electronic (PDF File; 1.874MB).
PhD Student, Finance, Walden University, Houston, TX, USA
Darryl Williams is currently a PhD student in Finance at Walden University with several years of professional experience as a financial advisor, researcher, business owner, in addition to consulting. His academic exposure as a college instructor in business administration has helped students and professionals become financially disciplined and well versed in social economic matters. As licensed professional, he speaks at public functions, seminars, and workshops.
Faculty, Graduate Faculty, Colorado State University-GC, Greenwood Village, Colorado, USA
Dr. Grizzell has over 10 years of professional experience in the areas of business management, operations management, and consulting. His academic experience includes Assistant Professor of Business Administration in the College of Business Administration at Trident University International, graduate faculty at Colorado State University, adjunct faculty in the Ken Blanchard College of Business at Grand Canyon University, and dissertation committee service at A.T. Still University. Dr. Grizzell has also authored and co-authored over 32 published peer reviewed articles in the fields of education, urban education, leadership, and management. He serves as a reviewer of several professional and scholarly journals, and has presented his research in rigorous forums such as Yale University, University at Albany SUNY, and the Sloan Consortium. Dr. Grizzell also serves on the Review Board of the Joint Conference of the Academic Business World International Conference and the International Conference on Learning and Administration in Higher Education, which houses The Journal of Learning in Higher Education, The Journal of Academic Administration in Higher Education, and The International Journal of Academic Business World. He also serves on the editorial and review board of the Journal of Business Economics and Management, which is housed at Vilnius Gediminas Technical University; Lithuania.
Faculty/ Instructor, Virginia International University, A.T. Still University, Marylhurst University, Warrenton, VA, USA
Darrell Norman Burrell is a graduate student. He is a faculty member at Virginia International University www.viu.edu and a faculty member at A.T. Still University www.atsu.edu. He teaches as an adjunct faculty member with Averett University, Strayer University, and in the “Green” MBA in Sustainability Development with Marylhurst University. He is also a Presidential Management Fellow, www.pmf.gov with over 15 years of management experience. He has a doctorate degree in Health Education from A.T. Still University in Environmental Public Health and Executive Leadership coaching. He has an EdS (Post Master’s Terminal Degree) in Higher Education Administration from The George Washington University. He has graduate degrees in Human Resources Management and Organizational Management from National Louis University, and a graduate degree in Sales and Marketing Management from Prescott College. He has over 27 publications and has presented over 20 peer reviewed conferences.
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