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80%  
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  • New Orleans to pay teens $350 a month in financial literacy push

    11/15/2021 1:47:24 AM PST · by blueplum · 23 replies
    CBS News ^ | 12 November 2021 | KHRISTOPHER J. BROOKS
    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...