A high school student in Chicago attended a 10 week workshop that helped him teach his parents how to budget the family funds to keep the power on.
Ted Gonder and a few friends at the University of Chicago scanned the South Side of their city at the depths of the recession back in 2009 and found poverty at its most crushing. They found liquor stores and check cashing operations. They found little sign of hope. They also found that only 13 states require students to take a financial literacy course in order to graduate high school and that the number of 18-24 year olds who declared bankruptcy has nearly doubled in the last decade.