[Editor’s Note: Chunmei (Mei) Li is Director at Worldwide Corporate Contributions (WCC) Johnson & Johnson.
[Editor’s Note: June Sugiyama is Director of the Vodafone Americas Foundation.
[Editor’s Note: Katja Iversen is the President and CEO of Women Deliver, a leading global advocate for investment in the health, rights and wellbeing of girls and women.
Achieving gender equality is essential as a matter of justice and human rights — and it also unleashes a range of positive economic and development outcomes.
On November 17, I took the stage at the 2016 Corporate Citizenship Conference to talk about disrupting financial education. Today, 46 percent of teens don’t know how to create a simple budget and half are unsure of how to use a credit card effectively.
Many of our customers are small storeowners in Peru, who in 2012 were some of the 6 million Peruvians without any access to banking services. They depended on cash flow and risked not having enough cash or stock to weather the economic times, let alone grow.
If doing the right things were as simple as just knowing the right things to do, then everyone would exercise, eat healthy foods, and save money for a rainy day and retirement. But the reality is that human beings are not purely rational actors.
At the U.S. Chamber of Commerce Foundation we believe that financial inclusion is an important prerequisite for economic and social progress. It is indeed alarming that 2 billion people in the world still do not have access to formal financial services.