Childhood analysis

For the second time, rapper 21 Savage and Chime unite to offer $ 100,000 in scholarships

Rapper 21 Savage is once again doing its part to help young people manage their money better.

According to Yahoo News, it is teaming up with financial technology company Chime for the second year of its financial education campaign on bank accounts. The Atlanta rapper and his Foundation Leading by Example reunited with Chime to educate students across the country on the value of financial literacy, focusing on children in grades 9 to 12.

After completing the six-course online program, students will be invited to apply for one of the 100 Bank Account Program scholarships of $ 1,000. Rapper and Chime kicked off the program’s first year with scholarships totaling $ 100,000 in October 2020.

To kick off the second year of the Crusade, Chime released a new 21 narrated promo to publicize the program. “Growing up in Atlanta, the energy of turmoil rubs off on you,” 21 says in the promo. “Financial literacy is important because it’s one of the main things you need to function and be successful as an adult. I just wanted to find something that would allow the kids to figure out what to do with the money.

Motivation is necessary because black Americans have especially not acquired a strong personal finances corner stone. In a recent financial literacy test, black Americans scored 38%, with just 28% answering more than half of the questions correctly, BLACK COMPANY reported.

The analysis found a direct correlation between this lack of knowledge and the fact that between 2009 and 2018, black Americans saw only a 9% gain in the ability to cover their living expenses, up from 14%. for Hispanics, 15% for Asians and 16% for whites. .

Observers argue that such findings are unsatisfactory and must be changed to narrow the decades-long racial wealth gap between black and white Americans. They argue that it is imperative that black Americans acquire the tools to better educate themselves in areas such as budgeting, savings, and investing.

Earlier this month, Chime and 21’s Leading by Example and Project Backboard unveiled a newly renovated basketball court at Parkway-Wabash Park in the native Atlanta community.

“Basketball allowed me in my childhood to compete, learn camaraderie and just escape the challenges of everyday life,” said 21. “I hope this court will allow the children of zone 6 to do the same. When I started my foundation, Leading By Example, I was determined to remove barriers for the next generation in Atlanta as my success is shared with my community who consistently supports and inspires me.

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