Financial literacy is personal for me. I want others to avoid some of the pitfalls that I experienced as a young adult. In my twenties, I filed for bankruptcy. While I was lucky enough to find the needed resources to get back on my feet, not everyone in our city is so lucky, and city government needs to be a better partner to those who are struggling to land on their feet.
To help people avoid the same mistakes I made, I opened the City’s first Office of Financial Empowerment (OFE). The OFE provides free financial literacy classes, helps people clean up their credit, obtain second-chance bank accounts, and reach financial independence. Everyone deserves a second chance, and I will make it my mission to help people build wealth and generational prosperity for their families.
The average unbanked American family spends approximately $1,200 of their income on financial transactions each year– more than these families spend on food. We can put money into the pockets of St. Louisans through financial literacy, access to responsible banking, and restrictions on predatory lenders.