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June 28, 2024

ABA launches financial literacy project with National Urban League and Thomson Reuters

WASHINGTON, June 28, 2024 — The American Bar Association Tort Trial and Insurance Practice Section (TIPS) and the National Urban League are collaborating with Thomson Reuters to promote financial literacy. The goal of the partnership is to promote economic empowerment by equipping individuals with the knowledge and tools needed to own their financial future. The project bolsters efforts to reach the public, specifically underserved communities and youth populations across the country.

Some 78% of Americans live paycheck to paycheck with no end in sight due to continued inflation. In addition, many people lack the financial knowledge they need, with 25% of adults having no one to ask for trusted financial advice.  

The Financial Literacy Project includes a series of videos covering a range of topics, including budgeting, banking, tax preparation, buying a car, home ownership, saving for postsecondary education, debt management and financial planning. The curriculum will be accessible through ABA TIPS, the National Urban League, FindLaw.com and Abogado.com websites.

“The Financial Literacy Project can make a tremendous difference in people’s lives, empowering them with the skills and knowledge they need to build a brighter financial future,” TIPS Chair Loren D. Podwill said. “We are thrilled to partner with the National Urban League and Thomson Reuters on this important project.”

“Financial literacy is the foundation of economic empowerment and stable communities,” National Urban League President and CEO Marc H. Morial said. “It is the cornerstone for educational and employment opportunity, homeownership and wealth building. We’re proud to partner with TIPS and Thomson Reuters to help break the cycle of poverty and open the doors of opportunity.”

“We are proud to expand upon our long-term relationship with the American Bar Association Tort Trial and Insurance Practice Section to provide this opportunity for individuals to gain a deeper understanding of personal finances and to equip them to navigate their financial future through The Financial Literacy Project,” said Mark Haddad, president of FindLaw for Thomson Reuters.

The ABA Tort Trial and Insurance Practice Section unites plaintiff, defense, insurance and corporate counsel to advance the civil justice system. TIPS is a national source of expertise in tort, trial and insurance practice and brings lawyers together to share information and speak out on issues of importance. The section has over 10,000 members and more than 30 general committees that focus on substantive and procedural matters in areas across the broad spectrum of civil law and practice. For more information visit www.americanbar.org/tips.

The ABA is the largest voluntary association of lawyers in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law. View our privacy statement online. Follow the latest ABA news at www.americanbar.org/news and on X (formerly Twitter) @ABANews.