Junior Achievement USA announces agreement with Learn & Earn to help students learn remotely and build investment portfolios
Over 5 million children will be able to earn money for their investment accounts by taking short courses teaching financial literacy and other important life skills
COLORADO SPRINGS, CO and NEWPORT BEACH, CA / ACCESSWIRE / December 16, 2020 / Junior Achievement USA today announced an agreement to deliver the new Learn & Earn ™ app through its network of more than 200,000 classrooms and after-school locations, reaching more than five million children. Using the app developed by game company Blast, students take short courses on their smartphones to earn real money which is then invested in stock wallets in their name. The courses cover a wide range of topics such as financial literacy, potential careers, and life skills that aim to help children grow into successful adults.
“JA is delighted to provide children with access to Learn & Earn,” said Jack Kosakowski, President and CEO of Junior Achievement USA. “This will extend our reach beyond physical classrooms, so kids can learn anywhere, be rewarded with money, and explore their own investment portfolios. In these uncertain times, the app offers to children a way to strengthen their confidence in themselves and in their future. “
During the global pandemic, 1.2 billion children around the world were affected by school closures. The partnership between JA and Learn & Earn will aim to reach some of these students, especially those from low-income households, who will constitute over 50% of the initial users. Students with higher education savings accounts, like the investment account offered by the app, are four times more likely to graduate from college.
“Learn & Earn is a unique EdTech / FinTech platform that brings the educational pillars of Junior Achievement of financial literacy, entrepreneurship and work readiness to millions of children, even beyond the JA network,” said explained Walter Cruttenden, founder of Acorns and president of Blast, the developer of Learn & Earn. “While gaining valuable skills, the Learn & Earn app will teach them how to invest and start building wealth for their future through a UTMA / UGMA account that they can then use for tuition, a program of certificate, technical school or to start a business. “
Learn & Earn allows students to select snack-sized courses and earn money from sponsors and parents at the end of each course. Students then invest this money in their investment account with Robo-Bumpers ™ to keep their portfolio diversified and growing over time. Students have a “core” portfolio of the world’s largest diversified ETFs, and they can also select up to ten separate large-cap stocks, or ETFs, from an organized “Explore” portfolio. This allows students to invest in fractions of shares of companies like Apple, Tesla and Amazon. Sponsored courses are funded by both for-profit and not-for-profit entities.
Learn & Earn receives support and advice from companies and individuals such as Franklin Templeton Investments, Roth Capital Partners, Nobel Prize-winning economist Richard Thaler and several celebrities.
Together, Junior Achievement USA and Learn & Earn will provide students with a distance learning environment that will teach them life skills and valuable lessons that are not available in traditional school programs, while allowing them to invest time. money for their future. The joint program is being piloted in Chicago, Atlanta and ten other cities across the country.
The app can be found on the App Store and Google Play or by searching for “Learn & Earn – Early Investing”.
About Learn & Earn ™
Created by the team behind Blast, Learn & Earn ™ is the first app that pays kids to learn. Covering real-world topics not taught in school, the snack-sized classes reward students with funds from sponsors and parents. These funds are then invested for the students, opening up a whole world of savings and investments for them. By working with leading partners and sponsors, Learn & Earn combines the best of FinTech and EdTech to redefine distance learning with courses that cover topics such as financial literacy, potential careers and life skills. The app’s ultimate mission is simple: to teach kids how to be successful adults. Visit www.learnandearn.com for more information.
Investment advisory services are provided by Ant Money Advisors, LLC (“AMA”), an investment adviser registered with the SEC. WADA’s terms and policies can be viewed at www.antmoneyadvisors.com or by www.adviserinfo.sec.gov. AMA facilitates trading through DriveWealth, LLC, a brokerage registered with the SEC and a member of FINRA and SIPC. Check this company’s background on FINRA’s BrokerCheck.
About Junior Achievement USA® (NOT A WORD)
Junior Achievement is the world’s largest and oldest non-profit organization dedicated to giving young people the knowledge and skills they need to master their economic success, plan for their future, and make smart academic and economic choices. . JA programs are delivered by corporate and community volunteers, and provide hands-on, relevant experiences that equip K-12 students with knowledge and skills in financial literacy, work preparation, and entrepreneurship. Today, JA reaches nearly 4.8 million students per year in 105 markets across the United States, with 5.2 million additional students served by operations in 100 other countries around the world. Junior Achievement USA is a member of JA Worldwide. Visit www.ja.org for more information.
Learn and win / explode
Junior Achievement United States
THE SOURCE: Learn and earn
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