At the Alliant Credit Union Foundation, we know the value of economic empowerment, and we believe everyone should be financially literate. It is a critical life skill that, for many, can be the difference between financial security and constant anxiety regarding their wellbeing and futures. As a result, we are very motivated to assist programs and organizations that offer services to foster financial self-sufficiency.

  • About 40% of Baby Boomers anticipate that their standard of living will decrease once retired.1

  • Only 24% of Millennials surveyed correctly answered 4 out of 5 questions in a financial literacy quiz.2

  • In 2012, 56% of people in the US do not have sufficient ‘rainy day funds’ to cover unexpected finances over several months.3

  • 7 in 10 college students in the graduating class of 2015 accumulated an average of $30,100 in student debts.4

Note:

  1. Transamerica Center for Retirement Study entitled, “Perspectives on Retirement: Baby Boomer, Generation X, and Millenials: 17th Annual Transamerica Retirement Study of Workers”.
  2. FINRA article entitled, “FINRA Foundation Study Finds Millennials Struggling Financially”.
  3. FINRA article entitled, “FINRA Foundation Releases Nation’s State-by-State Financial Capability Survey”.
  4. The Institute for College Access & Success 11th annual report entitled, “Student Debt and the Class of 2015”, and authored by Debbie Cochrane and Diane Cheng.