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 TurboTax News Need Financial Help for School? TurboTax Launches 2nd Y… TurboTax News “Sí se puede”: TurboTax Survey Shows Young Latinos… TurboTax News TurboTax Launches #LeadingConEducación a Program to Em… TurboTax News TurboTax Launches 3rd Annual #LeadingConEducación Sc… TurboTax News TurboTax Kicks Off its 2021 Hispanic Heritage Month Cel… TurboTax News #PerseveranciaLatina Spotlight Series: Meet Noriluz Osc… Life #UnidosWeGrow: Meet Lissette Calveiro! Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Self-Employed TurboTax Kicks Off its 2020 Hispanic Heritage Month Cel… TurboTax News Get to know 2021’s #LeadingConEducación Scholarship …