At Genworth, we believe in the power of a promise—that’s why we have a steadfast commitment to help people secure their financial lives, families and futures by delivering on our promises. We also understand the importance of empowering people—especially young people—to make informed and responsible financial choices throughout their lives.
Shortly after high school, young adults are faced with making many financial choices on their own—whether it’s deciding whether or not to apply for a credit card, taking out a student loan, buying a car or paying rent. Without basic knowledge of how these financial transactions work, many students find it difficult to make the right choice, and can end up making bad financial decisions.
The need for financial knowledge extends into adulthood—with studies showing that understanding basic financial concepts is a predictor of a person’s ability to save and make other important financial decisions—such as retirement planning. That’s why we believe it’s critical to help strengthen financial education as a key life skill. By focusing on financial literacy, we can provide individuals with a solid foundation for good decision making and the skills to better manage their money—now and in the future.
We believe that financial education is the answer. As research demonstrates, investing in teachers and providing them with effective resources is one of the most effective ways to support financial education. This is why we have created My Money My FutureSM, an educational initiative designed to help students and teachers better understand personal finance and economics, while supporting the use of cutting-edge technology in the classroom as a powerful teaching tool. Our commitment includes:
In November 2010, as part of this effort, the Genworth Foundation announced a three-year commitment to support EverFi’s leading web-based financial literacy platform in schools across the Commonwealth of Virginia. This program has the potential to reach 30,000 students in more than 300 high schools.
Founded by a team of entrepreneurs with a deep commitment to launching businesses that address social needs, the EverFi team is committed to helping young adults successfully navigate today’s financial landscape.
Junior Achievement programs help prepare young people for the real world by showing them how to generate wealth and effectively manage it. Students put these lessons into action and learn the value of contributing to their communities.
Virginia Council on Economic Education
The Virginia Council on Economic Education's mission is straightforward and critical: provide Virginia’s K-12 students with the economic knowledge and financial skills needed to thrive in our dynamic economy.