Suns’ Chris Paul strives to set up 1 million kids with savings accounts
Phoenix Suns point guard Chris Paul has partnered with financial tech company Goalsetter in support of their Black History Month campaign geared to educate young Black kids about financial independence.
“Black History Month is a reminder of the hundreds of years that Black people have been a labor force and a consumer class in America,” Paul said in a statement provided to The Root. “This partnership is about learning from our history to create a strong future that prepares the next generation of Black and Brown kids to be savers and investors. Financial education is a necessary and critical component of creating an equal America.”
Paul, alongside Sacramento Kings forward Harrison Barnes and former NBA player Baron Davis, have joined Goalsetter’s “Drafted” campaign designed to get one million youth minorities set up with savings accounts.
Goalsetter is a mobile banking app that offers transaction assistance and educational tools to promote financial independence.
The campaign is designed to help educate kids about saving and investing their money over time so they can become financially literate.
Athletes involved in the campaign will select 100 kids and deposit $40 into savings accounts set up by the Goalsetter mobile banking app.
Paul will start the campaign by selecting kids from the Club 61 Leadership Alliance, his foundation in his hometown of Winston-Salem, North Carolina, the Suns guard said in a video posted on his Instagram account.
“I’m so excited to kick off this Black History Month movement to get one million Black and Brown kids learning and saving about building wealth,” Paul said. “I’m drafting 100 kids from my club into the league of financial freedom, and giving them all Goalsetter savings accounts.”
Paul went on to nominate Celtics forward Jaylen Brown to join the program. Additional players from the NBA, WNBA, MLB and NHL have also been asked to join the program.