Charles Schwab Foundation Supports Newly Formed AP Personal Finance Journalism Beat Team
21 Aprile 2022 - 5:00PM
Business Wire
Charles Schwab Foundation and the Associated Press today
announced a two-year project to advance explanatory journalism on
financial literacy that will help spread personal finance knowledge
to historically underrepresented audiences.
With support from Charles Schwab Foundation, AP will create a
beat team of financial literacy journalists to help reach younger,
less affluent, and racially and ethnically diverse people—including
people of color, Spanish speakers, and middle- and lower-income
households—with critical personal finance education.
The AP team will produce personal finance journalism in words,
visuals and graphics, and in multiple languages, while leveraging
the expertise of AP’s journalists across the globe to equip local
news organizations with data and ideas on localizing personal
finance stories for their readers and communities.
The project is supported by Charles Schwab Foundation, a private
foundation that is separate from The Charles Schwab
Corporation.
AP retains complete editorial control of all content.
“There is a crisis of financial illiteracy in the U.S. that is
taking place against a backdrop of widening wealth inequality,”
said Noreen Gillespie, AP global business editor. “As government
programs that bolstered Americans’ finances during the pandemic
begin to fade away, many vulnerable individuals are likely to
experience fresh challenges. Now more than ever, it is paramount
for AP to build a team dedicated to personal finance journalism
that speaks to a truly diverse audience.”
“Financial literacy is a critical life skill that everyone
needs, yet too many people in our country don’t have access to the
tools and education they need to make smart money decisions,” said
president of Charles Schwab Foundation Carrie Schwab-Pomerantz.
“Together with the Associated Press, Charles Schwab Foundation is
helping to level the economic playing field by supporting the
creation of personal finance content that is responsive to the
financial needs and wishes of underrepresented people and
communities.”
The grant from Charles Schwab Foundation is the latest example
of how Schwab aims to break down barriers to financial literacy.
Learn more: https://www.aboutschwab.com/financial-empowerment.
About AP
The Associated Press is an independent global news organization
dedicated to factual reporting. Founded in 1846, AP today remains
the most trusted source of fast, accurate, unbiased news in all
formats and the essential provider of the technology and services
vital to the news business. More than half the world’s population
sees AP journalism every day. Online: www.ap.org
About Charles Schwab Foundation
Charles Schwab Foundation is an independent nonprofit public
benefit corporation, funded by The Charles Schwab Corporation and
classified by the IRS as a charity under section 501(c)(3) of the
Internal Revenue Code. The Foundation is neither a part of Charles
Schwab & Co., Inc. (member SIPC) nor its parent company, The
Charles Schwab Corporation. Its mission is to educate, volunteer
and advocate on behalf of those in need so that everyone has the
opportunity to achieve financial well-being. More information is
available at https://www.aboutschwab.com/citizenship.
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Lauren Easton Global Director of Media Relations and Corporate
Communications The Associated Press 212-621-7005 leaston@ap.org
Nicole Meir Media Relations Manager The Associated Press
212-621-7536 nmeir@ap.org
Stephanie Corns Director, Schwab Community Services Charles
Schwab 415-539-7001 stephanie.corns@schwab.com
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