TurboTax News Bridging The Financial Literacy Gap: A Look at the Lack of Resources that Latinos Face Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Mar 28, 2022 - [Updated Apr 29, 2022] 2 min read As we approach financial literacy month, Intuit is shining a light on the lack of financial resources and education available, especially within the Latino community. We are helping the next generation of Latinos build brighter futures and lifelong success by becoming better prepared for jobs of the future through the development of strong, durable skills, including personal finance skills. In partnership with SWNS, we surveyed Latinos to understand how we can “Bridge The Financial Literacy Gap”. Findings indicate that Latinos believe that financial conversations early in life, access to financial resources, and monetary support could help pave the way. The survey study was conducted as part of our #LeadingConEducación scholarship job readiness program, an initiative that aims to empower the next generation of Latino professionals by giving them the tools needed to take control of their finances, while providing monetary support to achieve their educational goals. The program disburses grants and scholarships in partnership with the Hispanic Heritage Foundation and EverFi. Here are Top Findings From The Survey : 67% of Latinos were less likely to talk to their parents about money than 81% of non-Latinos. 50% of Latinos said the lack of this conversation made it harder to figure out how to finance their education. 60% of Latinos said their lack of financial resources did not allow them to save money to complete a college education. 23% of Latinos don’t plan to complete a bachelor’s degree because they can’t afford college tuition and school supplies. 21% of Latinos have completed a bachelor’s degree compared to 37% of non-Latinos (16% less). 71% of Latinos think financial support – such as scholarships or educational grants – provided by corporations are beneficial to propel the future of Latino students. TurboTax #LeadingConEducación Scholarship Program We recognize the role of education and financial literacy in helping Latinos tear down the barriers that keep them from economic growth. We are proud to be expanding our commitment and support the next generation of Latinos professionals by being a part of their educational journey. To learn more about our scholarship job readiness program and apply for an educational grant, you can visit the #LeadingConEducación page. Infographic: Bridging The Financial Literacy Gap Previous Post Get to know 2021’s #LeadingConEducación Scholarship Recipients Next Post Enter the TurboTax #FileItForward Sweepstakes: We’re Giving Away $50,000! Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Comments are closed. Browse Related Articles Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains