The Financial Literacy Project: Empowering Individuals to Achieve Financial Wellbeing
Thomson Reuters is partnering with the American Bar Association’s Tort Trial and Insurance Practice Section (TIPS) on The Financial Literacy Project, which empowers individuals to achieve sustained financial wellbeing. The project’s free online curriculum includes educational videos, tools, and resources for individuals to use to increase their financial knowledge and skills.
The project promotes economic empowerment by equipping individuals with the knowledge and tools needed to own their financial future. It’s focused on reaching underserved communities and younger populations, who are often most negatively impacted by lack of financial education and gaps in generational wealth.
“Individuals are increasingly prioritizing mental and emotional wellbeing, and financial health is an important part of overall wellbeing,” said Mark Haddad, general manager of the Small Law Firm business for Thomson Reuters. “We’re pleased to partner with the American Bar Association Tort Trial and Insurance Practice Section on The Financial Literacy Project to provide resources that help people improve their financial health by guiding individuals in setting financial goals and developing actionable, realistic plans to achieve them.”
The first phase of curriculum explores building and maintaining a budget, understanding and managing different types of debt, and tax planning and preparation. Upcoming curriculum modules focus on understanding banking, planning for retirement, whether to buy or rent a home, purchasing a new or pre-owned car, investing to grow your money, and starting a business.