BP Adams strives to combat consumer debt in Brooklyn
In an effort to educate Brooklynites about the importance of financial literacy, Borough President Eric Adams kicked off Financial Education Empowerment Month on Thursday, March 19 at Borough Hall and brought with him a startling statistic – there is $2 million spent on financial education in Brooklyn for every $54 million spent on consumer marketing.
“I believe that financial education is crucial to achieving economic stability and prosperity here in Brooklyn,” said Adams. “When I look at some of the statistics, it is alarming. It is important that we look for ways to help Brooklyn residents make financially sound decisions.”
The month-long series of workshops and seminars will feature different programs relating to financial education like budgeting, managing debt, preventing fraud, and credit reporting along with programs for all ages including a youth expo for young adults and a “Securing Brooklyn’s Seniors” seminar.