“In Orange County, 50 percent of people at least have a bachelor’s degree, 30 percent have an advanced degree, and yet 15 percent of people still have trouble reading at a high school level,” said Keyur Patel, co-chairman of Project Literacy.
UNC Project Literacy kicked off its second annual One Week of Literacy Monday evening with a lecture on a specific type of literacy — financial literacy.
Postdoctoral research associate Joe Polich, who was a fellow at the Center on Poverty, Work and Opportunity, which the UNC-system Board of Governors voted to close in February, said college students don’t know enough about finances.
“I’m not criticizing college students,” he said. “I borrowed a lot of money to go to school and I didn’t understand it all until after graduation.”
The students involved with Project Literacy want to create a conversation about literacy. The financial literacy event was the first of five events that will take place throughout the week.
“When you say the word literacy, financial literacy isn’t something that necessarily comes to mind,” Patel said. “Literacy isn’t just reading and writing. It’s how one is able to interpret life.”
Polich said in order to increase financial literacy, people should start learning about budgeting before college.
“It’s important to be educated and express economic interest in an economic debate,” he said. “I think the people who understand the economy and its complexities are the people who do well in the economy.”