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New Orleans to pay teens $350 a month in financial literacy push

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More than 100 young people in Louisiana will receive $3,500 next year under a financial literacy program from the City of New Orleans. City officials said Thursday that 125 residents between the ages of 16 and 24 will receive 10 payments of $350 starting next spring. The money will be loaded onto an ATM card provided by Black-owned online bank Mobility Capital Finance. New Orleans Mayor LaToya Cantrell said.. The goal, city officials said, is to address the “unbanked” problem plaguing the Big Easy. The “unbanked” is a term the financial services industry has adopted to describe adults who earn…

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Source: http://freedombunker.com/2021/11/15/new-orleans-to-pay-teens-350-a-month-in-financial-literacy-push/



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