HSBC/JA Armeia partnership teaches young people critical money-management skills.
Yerevan, Armenia, —HSBC and JA Armenia are partnering again to bring the innovative JA More than Money® program to more than 2250 local students across 75 schools. This collaboration effectively equips children between the ages of 7 and 11 with critical financial literacy skills they will need to make informed decisions about money management in the future.
The HSBC Global Initiative, now in its sixth year, has contributed an additional $1.5 million in the 2013-2014 school year for the sponsorship and implementation of the program through 34 JA operations across 31 countries around the world. Over the past five years, more than 319,000 young people around the world and have received relevant financial education through 5,200 dedicated HSBC volunteers.
JA More than Moneyteaches young people about money basics – earning, spending, saving, investing and donating, as well as businesses they can start and jobs they can perform. It provides engaging, academically enriching, and experiential-learning sessions, featuring interactive volunteer-led business and community games that help young people learn the significance of money management.
“HSBC’s focus on education is about investing in the future of young people, said Thies Clemenz, HSBC Armenia Executive. We recognize the importance of early financial literacy education and are committed to working with JA to provide children both the skills and the tools they will need to make informed money management decisions.”
Program evaluation results have shown conclusively that the student participants between the ages of 7-11 demonstrated significantly greater knowledge and retention of financial concepts, compared to their non-participating peers, and showed behavioural and attitudinal changes toward saving and earning money as well as managing their own businesses.
“JA More than Moneyfuels our ability to address the critical need for young people to build life skills through financial education, said Armine Hovannisian, JA Armenia Executive Director. The program offers children an introduction to money management and initiates the start of a healthy relationship with money to lead to successful economic development.”
About HSBC:
The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,300 offices in over 75 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,758bn at 31 March 2014, HSBC is one of the world’s largest banking and financial services organisations.
HSBC global education programmes
HSBC has been involved with education projects throughout our history. The first HSBC scholarship was awarded to a social worker in 1965. Since then, education has grown to be the most significant focus of the Group’s community investment activities. Globally, we invest US$50 million a year in education projects and thousands of HSBC employees get involved. Together, we help young people fulfil their potential by: providing access to education, developing life-skills and entrepreneurship, and promoting international and cultural understanding. Find out more at:
About JA Armenia
Junior Achievement of Armenia (JAA) offers opportunities that prepare Armenian youth to play a vital role in industry, community, and country in their adulthood. Through reforms in curriculum programming and teacher training, our work has transformed the educational system in Armenia and the attitude of the nation.
About JA Worldwide (Junior Achievement):
JA Worldwide is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success. Through cutting-edge, experiential learning in financial literacy, work readiness and entrepreneurship, JA Worldwide effectively broadens the canvass of possibility for young people and enriches their ability to contribute to the strength of their families, communities, and economies. The 123 country JA Worldwide network is powered by over 400,000 volunteers and mentors from all sectors of society, reaching more than 10 million students around the world.
Visit www.jaworldwide.org for more information.
