Life Challenge Program
Here are the criteria for the program.
Fort Wealthy Worth
We believe that Fort Wealthy Worth can be affected by our programs:
We weren’t created to live in poverty. Jeremiah 29:11 For I know the plans I have for you,” declares the Lord, “plans to prosper you and not harm you, plans to give you hope and a future.
The solution is renewing the mind. Genesis 2:15 And the Lord God took the man and put him with the Garden of Eden to dress it and to keep it
TFT Foundation serves the people of Fort Worth in Texas, especially 20-50-year-old Adults and Youth 12-19. According to the US Population Census, on April 1, 2020, Fort Worth’s population 2020 was estimated to be 918,915. It is the thirteenth largest city (located in Tarrant County, Texas) in the United States by rank, and its median population age is 33.2 years. Fort Worth is the second-largest city in the Dallas-Fort Worth-Arlington MSA, following Dallas with 1.23 million people. The figure below shows that youths aged 12 -19 represent about 14% of the population, and adults or old persons aged between 20-50 years old represent about 44%.
As part of its periodic surveys of individual financial literacy, the Financial Industry Regulatory Authority (FINRA), a brokerage and exchange markets oversight body, indicates the extent of the public’s knowledge. According to FINRA’s 2018 “National Financial Capability Study,” Texas ranked 43rd out of 50 states and the District of Columbia. The overall survey includes a five-question quiz that tests knowledge of bond prices and interest rates, mortgages, compound interest, and portfolio diversification and measures financial literacy. Although the survey measures financial literacy overall, certain demographic groups may have difficulty answering its questions due to a lack of experience with financial instruments such as stocks and bonds.
Texas’s average quiz score hadn’t improved much since 2012, when it ranked 45th, as detailed by Southwest Economy in 2016. In addition, 2018 quiz taken nationwide by 25,000 adults found that Texans have consistently lagged behind the nation in their understanding of personal finance for the past decade. However, three surveys have shown a shrinking gap.
Lack of financial literacy can significantly harm an individual’s long-term economic success due to the importance of finance in modern society. Research shows financial illiteracy is expected, as the Financial Industry Regulatory Authority (FINRA) reports it affects 66% of Americans.
Financial literacy education has become a priority to promote individual economic success and decrease wealth gaps. People should know that there are now more resources like our programs than ever for those wishing to educate themselves about the world of finance.
“High School Financial Literacy Mandate Could Boost Texans’ Economic Well-Being,” by Camden Cornwell and Anthony Murphy, Federal Reserve Bank of Dallas Southwest Economy, First Quarter, 2016.
Financial Industry Regulatory Authority. “US Survey Data at a Glance: Financial Knowledge and Decision-Making.” Accessed September 10, 2021.
Resource ( Fort Worth, Tx ISD website)
The entire city should be responsive to those numbers, and working closely together, we can make Fort Worth ISD the next Great Success story by implementing Our Youth Mentoring Program.