SFEPD Supports Youth Financial Education at Jackson State Summer Camp

SFEPD Founder and President Ted Daniels was honored to speak at Jackson State University’s 2025 Financial Wellness Center Summer Camp, a collaborative initiative powered by Jackson State’s College of Business, Wells Fargo, and SFEPD.

The camp welcomed middle school students from across the Jackson, MS, metro area for an engaging three-day experience focused on building financial literacy. Participants explored key topics such as money and banking, budgeting, saving, credit, debt, and investing—equipping them with valuable tools to navigate their financial futures with confidence.

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National Wealth Inequality

During our recent SFEPD Quarterly Talk with Ted, we explored the deep and persistent wealth gaps in America. Ana Hernández Kent, senior researcher on the Community Development Research team at the Federal Reserve Bank of St. Louis, shared findings from their recent studies.

In Q4 2024, the top 10% of households by wealth averaged $6.9 million and held 67% of total U.S. household wealth. Meanwhile, the bottom 50% held an average of just $51,000 and collectively owned only 2.5%. These disparities underscore the urgency of advancing financial education and access for underserved communities.

Sources: Kent & Ricketts (2024), U.S. Wealth Inequality: Gaps Remain Despite Widespread Wealth Gains; Kent & Ricketts (2024), State of US Wealth Inequality.

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