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Charles Schwab Foundation Supports Newly Formed AP Personal Finance Journalism Beat Team | Business

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WESTLAKE, Texas–(Small business WIRE)–Apr 21, 2022–

Charles Schwab Foundation and the Associated Press currently introduced a two-yr undertaking to progress explanatory journalism on financial literacy that will assistance distribute personal finance know-how to historically underrepresented audiences.

With support from Charles Schwab Foundation, AP will develop a defeat crew of economical literacy journalists to support get to young, significantly less affluent, and racially and ethnically various people—including folks of coloration, Spanish speakers, and center- and lower-revenue households—with vital private finance education and learning.

The AP staff will make private finance journalism in terms, visuals and graphics, and in a number of languages, although leveraging the know-how of AP’s journalists across the globe to equip nearby news corporations with facts and ideas on localizing own finance stories for their viewers and communities.

The project is supported by Charles Schwab Basis, a personal basis that is independent from The Charles Schwab Company.

AP retains entire editorial regulate of all content material.

“There is a disaster of economic illiteracy in the U.S. that is taking place in opposition to a backdrop of widening wealth inequality,” claimed Noreen Gillespie, AP worldwide enterprise editor. “As federal government applications that bolstered Americans’ finances all through the pandemic start off to fade away, several vulnerable people today are most likely to expertise new issues. Now a lot more than at any time, it is paramount for AP to build a staff devoted to particular finance journalism that speaks to a really diverse viewers.”

“Financial literacy is a vital life talent that anyone desires, nevertheless too many men and women in our place really don’t have entry to the equipment and schooling they want to make wise money selections,” said president of Charles Schwab Foundation Carrie Schwab-Pomerantz. “Together with the Connected Push, Charles Schwab Basis is encouraging to degree the financial playing industry by supporting the development of individual finance written content that is responsive to the fiscal demands and needs of underrepresented people and communities.”

The grant from Charles Schwab Basis is the latest case in point of how Schwab aims to break down obstacles to fiscal literacy. Master more: https://www.aboutschwab.com/money-empowerment.

About AP

The Connected Push is an independent world wide information business dedicated to factual reporting. Established in 1846, AP nowadays stays the most reliable supply of fast, accurate, impartial news in all formats and the crucial company of the technology and providers crucial to the news business enterprise. A lot more than fifty percent the world’s population sees AP journalism each individual day. On the web: www.ap.org

About Charles Schwab Basis

Charles Schwab Basis is an independent nonprofit public benefit corporation, funded by The Charles Schwab Company and labeled by the IRS as a charity underneath portion 501(c)(3) of the Inner Earnings Code. The Foundation is neither a component of Charles Schwab & Co., Inc. (member SIPC) nor its guardian business, The Charles Schwab Company. Its mission is to educate, volunteer and advocate on behalf of individuals in have to have so that anyone has the chance to achieve monetary very well-becoming. Additional information is readily available at https://www.aboutschwab.com/citizenship.

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See source model on businesswire.com:https://www.businesswire.com/news/dwelling/20220421005332/en/

Get hold of: Lauren Easton

Global Director of Media Relations and Corporate Communications

The Connected Press

212-621-7005

[email protected] Meir

Media Relations Supervisor

The Related Push

212-621-7536

[email protected] Corns

Director, Schwab Neighborhood Companies

Charles Schwab

415-539-7001

[email protected]

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Supply: The Charles Schwab Corporation

Copyright Business enterprise Wire 2022.

PUB: 04/21/2022 11:00 AM/DISC: 04/21/2022 11:02 AM

http://www.businesswire.com/news/house/20220421005332/en

Copyright Small business Wire 2022.

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