Teens will bring needed financial literacy to the Bronx

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Teens from Children’s Aid’s Hope Leadership Academy to Lead Workshops for Teens and Adults from Bronx Community


Ellen Lubell, (o) 212-949-4938, (c) 917-854-6864, ellenl@childrensaidsociety.org

Emily Crossan, (o) 917-286-1548, (c) 201-344-5742, emilyc@childrensaidsociety.org

Date: Saturday, May 15, 2010

Where: The Next Generation Center, 1522 Southern Boulevard, Bronx, NY 10460

Time: 11 am – 2 pm

NEW YORK, May 2010 –New York City’s Dept of Consumer Affairs has reported that 825,000 adults in New York City don’t have bank accounts, and recently, El Diario reported that Latino families are accumulating more debt, mostly in bank fees that they don’t understand.

On May 15, a dozen teens of The Children’s Aid Society’s Hope Leadership Academy in Harlem will travel to the south Bronx to hold a Financial Literacy Wellness Fair at Children’s Aid’s Next Generation Teen Center. There, approximately 100 participants (youth and parents from the Bronx community, primarily those in transitional housing) will participate in workshops about budgeting (reality-based); how to distinguish between needs and wants; and investments via banks (e.g., CDs, IRAs, mutual funds) among other financial topics. The Children’s Aid Society’s Hope Leadership Academy trains teens to be financially literate and they train others. The program has been supported by BNY Mellon, Ally Bank and Oliver Wyman Group.

Financial institutions will be at the Fair to share information with members of the community. They will include Chase Bank and Carver Savings. In addition, EXCEL, an initiative of The Children’s Aid Society that helps teens obtain scholarships and other aid for college, will be there disseminating information.

The Children’s Aid Society is an independent, not-for-profit organization established to serve the children of New York City. Our mission is to provide comprehensive support for children in need, from birth to young adulthood, and for their families, to fill the gaps between what children have and what they need to thrive. Children’s Aid has provided foster care, preventive, and medical, dental, mental health services in the Bronx for 10 years. Children’s Aid’s Next Generation Center is a beautiful center designed to meet the needs of young people transitioning to adulthood and self-sufficiency. It currently has hundreds of members.

For more information, please contact Ellen Lubell at 212-949-4938, 917-854-6864, or email at ellen@childrensaidsociety.org.