The program expands to 20 city schools in October 2023.
Isaac M. Cooper, CEO of IMC Financial Consulting, talks about increasing the financial literacy of Birmingham public school students. The Birmingham City Council on Tuesday approved another $1 million to support a financial literacy program that began last year in Birmingham City Schools to coach students, teachers and staff on bank accounts, stocks and saving.
Last year, the city joined in a partnership with IMC Financial Consulting, which taught financial workshops and led personal finance consulting sessions, and Goalsetter, an app that students downloaded to access bank and investment accounts. The Goalsetter Foundation donated stock to Birmingham students, which was provided by its partner companies including Nike, Delta, Twitter, Lyft, HP and Comcast. Goalsetter last year provided 5,000 bank and investment accounts for students, faculty and staff at the pilot schools, with $250,000 worth of donated stock placed in investment accounts. That worked out to each student getting an account worth $40.
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