Financial literacy and stability in the U.S. is surprisingly low. According to the Financial Industry Regulatory Authority, less than 50% of Americans know how much they need to save for retirement and around two-thirds of Americans cannot pass a basic financial literacy test.
For this reason, Carrie Schwab-Pomerantz has dedicated her work as the Chair and President of the Charles Schwab Foundation to increasing literacy education. Carrie joins Cheddar to explain how the Charles Schwab Foundation is partnering with different organizations to push education forward.
The Charles Schwab Foundation is working with The Boys and Girls Club of America to partner with young students, as well as Donors Choose in order to increase access to financial education.
Carrie is also the daughter of Charles Schwab and explains how she has seen the company grow from a start-up, to what it is today.
Kim Crawford Goodman, CEO of Smarsh, breaks down how financial firms are scaling AI while managing compliance, risk, and regulation in a changing landscape.
Elizabeth Renter, Senior Economist at NerdWallet, breaks down how inflation and oil price shocks are driving higher costs and squeezing consumers today.
