Lakota Funds Aims For Financial Literacy In Youth

Sep 24, 2014

During the last recession there was a lot of talk about financial literacy.

Lakota Funds provides financial training and small business loans to spur economic development on Pine Ridge.
Credit Courtesy Lakota Funds

The economic downturn shed light on a high number of consumers who succumb to predatory lenders, bad home loans, or just overspending.  
 
When poor financial management becomes widespread enough it can even have negative impacts on the economy as a whole.   
 
But how to properly manage money isn’t widely taught in schools.
 
A new project is underway on the Pine Ridge Reservation.  It aims to provide long term financial planning to a group of children and to follow their progress over 8 years.