Education and the City

🚀Did you know? The financial skills of 15-year-olds from socio-economically disadvantaged backgrounds are roughly on par with those of 11-year-olds from the most advantaged backgrounds. This startling fact highlights a deep-rooted disparity in financial literacy that begins much earlier than we might think.

📈In our latest article, we delve into the causes and implications of this gap. Understanding the early onset of financial skill disparities is crucial for shaping a more equitable future. This isn't just a matter of financial knowledge; it's about providing equal opportunities for financial empowerment from a young age.

📚 The article sheds light on:
• The startling early emergence of socio-economic gaps in financial literacy.
• How these gaps affect long-term financial stability and decision-making.
• Strategies for creating a more inclusive financial education system.

👉 Dive into the article https://teaxall.org/unveiling-the-socio-economic-gap-in.../ and let's discuss how we can collaboratively address these challenges and pave the way for a financially literate and equitable society.

🔍 New Article Alert: Unveiling the Socio-Economic Gap in Stocks & Shares ISAs

🌐 In a financial world where equality should be the cornerstone, a glaring divide persists. Our Education Ambassador, Joseph Vambe’s latest article delves deep into the socio-economic disparities surrounding Stocks & Shares ISAs.

📊 Recent research reveals a striking contrast in financial literacy and ISA utilization between various socio-economic groups. This isn't just a disparity in wealth—it's a gap in access to crucial financial education and tools.

💡 Whether you're a financial professional, educator, or just keen on understanding the wider implications of financial literacy, this article offers valuable perspectives.

👉 Check out the full article here https://teaxall.org/unveiling-the-socio-economic-gap-in.../ and join the conversation on how we can collectively work towards a more financially literate and equitable society.

Education and the City

🤝🔍 Transparency isn't just good business, it's essential.

Companies today must engage openly with investors, weaving ethics and sustainability into their core strategies. It's not just about the returns; it's about building trust and accountability through clear communication and responsive governance.

Strong investor relations go beyond numbers; they're built on transparency and ethical practices.

Read more here: https://teaxall.org/balancing-act-corporate.../

Education and the City

🌟💚 Health isn't just personal, it's a corporate priority too!

Companies today face the crucial task of aligning their business goals with the health and safety of consumers. It's about rethinking business strategies to foster well-being.

This calls for a transformative approach to business models and product offerings.

Read more here: https://teaxall.org/balancing-act-corporate.../

✊🌐 Human rights and ethical conduct aren't just corporate buzzwords—they're the foundation of truly responsible business.

It's a collective call to action for entire industries to elevate their ethical standards and protect human rights at every level.

Let's champion companies that lead with integrity and responsibility.

Read more here: https://teaxall.org/balancing-act-corporate.../

🌱🛢️ Balancing the books while caring for the planet!

As major oil companies navigate the delicate balance between profitability and environmental responsibility, the need for real action and transparency has never been more urgent.

It's time for corporations to align their business practices with the global mission to combat climate change.

Let's push for substantive action and a greener future!

Read more here: https://teaxall.org/balancing-act-corporate.../

🌍💼In today's investment landscape, it's not just about financial gains—it's about making a positive impact too.

Millennials and Gen Z are leading the charge, demanding more than just profits from corporations. They want ethical and sustainable practices that address global injustices and environmental challenges. Let's invest in a better future!

Read more here: https://teaxall.org/balancing-act-corporate.../

THE SHARE OF FEMALE LEADERS ACROSS THE TOP FINANCIAL FIRMS HAS INCREASED BY JUST 2 PERCENTAGE POINTS

Why does this matter? The gender pay gap in finance is closely linked to the scarcity of women in senior roles. With men dominating higher-paying positions and women often in junior roles, the imbalance is clear.

More women in top positions are key to eradicating this pay gap. But progress? Sadly, it's almost at a standstill.

This is unacceptable. We must do more.

Read more here: https://teaxall.org/progress-what-progress-dei-in-finance/

40% OF FINANCE PROFESSIONALS QUESTION THEIR EXECUTIVES' COMMITMENT TO COMBATING RACIAL DISCRIMINATION

The key to real, lasting change? Helena Morrissey, Chair of the Diversity Project UK, in response to Reboot’s 2023 report said, ‘real lasting change within organisations can only happen if there is continuous, proactive commitment from CEOs and senior leaders to actively address and confront racism’.

The need for top-level commitment to drive DE&I is imperative.

The Engagement Appeal & Diversity Project are working to encourage C-suite executives to actively embrace DE&I work. Join us.

Read more here: https://teaxall.org/progress-what-progress-dei-in-finance/

DE&I SCORES HAVE DROPPED FROM 67% IN 2022 TO 65% IN 2023

Challenging market conditions should never be an excuse to sideline Diversity, Equity, and Inclusion efforts.

Yet, here we are, witnessing DE&I become an unintended victim in the chase for short-term gains. This isn’t just disappointing; it’s a call to action.

Organizations like TheEngagementAppeal & DiversityProject are leading the charge for meaningful change. Their fight is our fight. But real change requires more than just a few – it needs all of us.

Read more here: https://teaxall.org/progress-what-progress-dei-in-finance/

WOMEN EARN 26% LESS THAN MEN IN FINANCE

Bloomberg's 2023 analysis brings a hard truth to light: In UK finance, women earn a shocking 26% less than their male counterparts. That's double the national average of 13%!

A shocking statistic.

The Diversity Project’s annual event in November 2023 took a deep dive into these issues. Despite the setbacks of the pandemic and current market challenges, we can’t afford to let progress stall.

Change on this scale requires a collective effort. Organizations like the Diversity Project & The Engagement Appeal are leading the charge, but we need widespread support from financial institutions to create the systemic change necessary.

Read more here: https://teaxall.org/progress-what-progress-dei-in-finance/

70% OF ETHNIC MINORITY EMPLOYEES EXPERIENCE WORKPLACE DISCRIMINATION

This isn't just a number - it's a wake-up call.

And it doesn’t stop there: 80% dealt with unwelcome comments about their backgrounds. This isn't just unfair, it's unacceptable.

Organizations like The Engagement Appeal & DiversityProject are at the forefront, fighting for change. But they can't do it alone. We all have a role to play in creating a more inclusive and equitable work environment.

Join us and help us create the systematic change necessary.

Read more here: https://teaxall.org/progress-what-progress-dei-in-finance/

Young Investors, Be Careful!

The lack of regulation on social media platforms is a double-edged sword.

While these platforms provide unprecedented reach, they also allow the unchecked dissemination of information.

Inexperienced individuals are providing misleading financial advice for personal gain.

Responsible engagement is paramount to shield investors from misinformation and guide them through the noise.

Education & The City

Investing is the ONLY Option

The younger generation possesses a unique financial mindset.

They recognise the limitations of traditional avenues of saving; saving to buy a house isn’t the road to financial freedom it once was and saving money in a bank account is much less appealing with inflation reducing its value.

In the age of social media and digital platforms, it is much easier to see the rewards investing can lead to.

Investing, therefore, becomes the most attractive and rational option.

-Education & The City

What is the Biggest Barrier to Achieving Equality?

The financial landscape is evolving, and the next generation of investors, particularly Gen Z and younger cohorts, are emerging as a force to be reckoned with in the investment arena.

However, the biggest barrier to achieving equality? Financial Education

Financial education is key in achieving equality across demographics and generations.

Education & The City

Engagement, Engagement, Engagement

The growing digital market demands a cultural shift in how companies interact with investors.

Inclusive investor relations are no longer an option; they are a necessity.

It’s not just about making investments; it’s about empowering individuals with the knowledge to make informed decisions.

Education and the City

Providing Financial Education.

In our pursuit of a just and prosperous society, one fundamental barrier stands out: financial education.

Despite its unequivocal importance to leading a prosperous life, it remains conspicuously absent from the curriculum in schools, colleges, and universities. This alarming gap poses a significant problem, particularly for young people embarking on their journeys to financial independence and stability.

The absence of financial education hampers young people’s ability to make informed decisions about money, saving, investing, and debt management. This knowledge deficit is a disservice to current and future generations and is particularly detrimental to the ethnic minorities.

If you’ve never received financial education – we’re here for you.

Part of The Engagement Appeal - TEA – the hub for inclusive, investor relations Inclusive Investor Engagement | The Engagement Appeal (www.teaxall.org)

Meet Our Education Ambassador​ – Joseph Vambe

Joseph Vambe is The Engagement Appeal's Education Ambassador. A Councillor already at the age of 23, he proudly represents Labour at Southwark Council as well as undertaking fundraising activities for Christian Aid. He is an original Stormzy Scholar having studied Human, Social and Political Sciences at Cambridge University. Joseph is passionate about addressing social inequalities, particularly in education and started an organisation called Equivalent-Exchange aimed at supporting, mentoring and providing opportunities for pupils in the most disadvantaged schools. As an activist in the local community, he advocates for more entrepreneurial and educational opportunities for young people to help break the cycle of generational poverty.

In a world where financial education remains a distant dream for many, we're here to change the narrative!

EdCit exists to cultivate financial literacy, paving the way for young minds to achieve independence and prosperity.

Join us on this journey towards knowledge, empowerment, and a brighter future

Gen Z & Millennials: A New Generation of Individual Investors

Traditionally, investing has been associated with older generations, but modern digital technology has been a catalyst for younger audiences to become investors.

The average age of a shareholder has dropped from 45 in 2012 to 37 last year, with 18% of all shareholders in the UK and US now aged between 18 and 24.

Recent research illuminates a monumental shift in the UK's investment landscape, revealing a new majority: millennials and Gen Z investors. This generational takeover is reshaping the financial frontier.

If you're a Gen Z or Millennial looking to ride this wave – welcome to Education & The City!

Part of The Engagement Appeal – the hub for inclusive, investor relations Inclusive Investor Engagement | The Engagement Appeal (teaxall.org)