Signed in as:
filler@godaddy.com
We empower Dallas residents through accessible financial resources, mentorship, and education, aiming to minimize poverty.
We empower Dallas residents through accessible financial resources, mentorship, and education, aiming to minimize poverty.
The impact of financial instability is profound among minorities in Dallas. Limited financial knowledge hampers the ability to secure stable housing, education, and employment. It perpetuates a cycle of debt, making it challenging to plan for the future and stifling the potential for economic advancement.
The repercussions of financial instability extend beyond disadvantaged communities. The strain on social services increases as individuals face challenges in meeting basic needs, potentially leading to an increased burden on community resources. The lack of financial economic empowerment diminishes the overall well-being of the community, hindering its growth and vitality.
Per the Census, 17.7% of the population in Dallas live in poverty, inherently experiencing financial challenges. We believe there is a direct correlation between financial literacy and poverty rates because studies have shown that financial literacy improves household financial outcomes involving saving, investing and debt. By addressing this issue through comprehensive financial education, we aim to break the cycle of financial instability, positively impacting both the target population and the broader community.
Texas is making efforts to improve financial literacy after the state lagged in the National Financial Capability Study. Despite legislative attempts to enhance personal finance instruction in schools, Texas ranks 43rd out of 50 states (and District of Columbia) in financial literacy. While we acknowledge Texas' efforts to improve the statistics, the state is only allowing schools to offer financial education as an elective, so it is still not a mandatory course in the curriculum.
We believe financial education should always be available and accessible to all in order to see true and consistent progress. In combination with Texas's efforts, Community Alliance Pact will help bridge those gaps in Dallas through our comprehensive financial education initiatives. We will spread our mission to other major cities across the state and eventually throughout the entire nation.
Sign up to hear from us about upcoming events and more.
Copyright © 2021-2023 Community Alliance Pact, Inc. - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.