The Altra Foundation was established in 2005 as a not-for-profit financial literacy foundation dedicated to provide the communities we serve with the knowledge and skills to develop financial goals. Goals include the ability to budget, manage debt, save, invest, and maintain good credit.
The Altra Foundation, Inc. is dedicated to providing financial literacy education for youth and adults in the communities we serve. The Altra Foundation's definition of financial literacy is having the knowledge and skills to develop financial goals, budget, manage debt, save, invest, and maintain good credit.
Why is the Altra Foundation an advocate for financial literacy?
It’s important to remember that it's never too late to learn how to handle your finances. That's why the Altra Foundation supports financial literacy classes in schools and in the communities that Altra serves. Consider these statistics:
• University administrators say they lose more students to credit card debt than they do to academic failure. Yet most states do not require personal finance education, and most parents are not equipped to provide financial education.
• Average credit card debt per household - regardless of whether they have a credit card or not was $8,329 at the end of 2008.
• Bankruptcy filings for those in the 18-25 year age group were at an all time high in 2000, numbering almost 150,000, which is a tenfold increase in just five years. This is the fastest growing age range for bankruptcies.
The Altra Foundation, Inc.
1700 Oak Forest Dr., Onalaska, WI 54650
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