Project 7831

Project 7831 group members examined the inaccessibility of the banking system to the minority population, particularly the state’s African-American population. The team researched statistics related to those who use banks and revealed in their presentation that a low percentage of minority citizens utilize banks when compared to their total percentage in the population. Partially attributing this low number to a lack of education about financial planning and services, team members developed a program that can be used by schools and organizations to help make banking and finance more accessible to the minority population. Their program includes a textbook focused on financial literacy, along with other educational materials.