FOR IMMEDIATE RELEASE
Impact House + Fidelity Investments Team Up to Hack Financial Literacy
Creating innovative solutions to challenges in under-resourced communities
Dallas, TX, June 15, 2018 — Impact House teams up with Fidelity Investments to present #HackFinLit – A one-day immersion where students connect with mentors and industry experts, collaborate amongst teams in a hack-a-thon style format to create tech-enabled or innovative solutions to challenges related to Financial Literacy. The all-day design workshop kicks off on Monday July 23rd, 2018 from 8:00am – 3:30pm on the campus of Fidelity Investments in West Lake Texas.
Students will be provided transportation from the Martin Luther King Jr. Community Center to the campus of Fidelity Investments (Westlake) to be immersed in a day of experiential learning. Students will tour Fidelity tech department, learn about career opportunities in technology, break into competitive teams to experience a interactive human-centered design thinking process of ideation and prototyping to produce (10) tech-enabled or innovative solutions that address Financial Literacy challenges in under-resourced communities.
The number of financial decisions individuals ages 18 to 24 must make continues to increase, and the variety and complexity of financial products continues to grow.
- A 2016 survey indicated that only 31% of young Americans (ages 18 to 26) agreed that their high school education did a good job of teaching them healthy financial habits. Young people often do not understand
- Kids are not learning about personal finance at home. A 2017 T. Rowe Price Survey noted that 69% of parents have some reluctance about discussing financial matters with their kids. In fact, parents are nearly as uncomfortable talking to their children about sex as they are about money. Only 23% of kids surveyed indicated that they talk to their parents frequently about money, and 35% stated that their parents are uncomfortable talking to them about money.
- A 2014 study indicated that only 24% of Millennials (ages 18 to 34) surveyed could answer four out of five questions correctly in a financial literacy quiz.8 By comparison, 48% of Baby Boomers (born between 1946 and 1962) were able to answer four out of five correctly.
Last April, #Hack4Impact – Impact House’s first pilot, was launched at Juanita Craft Recreation Center in partnership with Capital One and the Future Edge initiative. Capital One tech employees, students, and community volunteers partnered to introduce 60+ students to Stanford D School Curriculum to design solutions to everyday challenges within their communities. Students worked with management consultants, technology and engineering professionals, business professionals, and marketing professionals to collaboratively hack solutions using the framework of business to solve societal challenges.
#HackFinLit is the second pilot series of programming focused to introduce Pathways to Innovation – A program designed to train and develop the next generation of problem solvers, entrepreneurs, and innovators to be change agents in their communities and abroad using the fundamentals of business and scalability of technology
Students’ grades 6-12 are eligible to participate at: http://HackFinLit.eventbrite.com
About Impact House: Impact House is a 501(c)3 business incubator and pre-accelerator that exists to address inequities in entrepreneurship, technology, and social innovation. We accelerate and invest in all shades of genius through our 12-week fellowship program providing access to coaching, curriculum, capital and community.