The Boro Park Jewish Community Council (BPJCC) has introduced a new financial literacy initiative designed to help local families build stronger financial futures. This free program responds to a growing need in the community, offering accessible tools and guidance to navigate everyday expenses with greater confidence.
Nationwide, households now carry an unprecedented $18.39 trillion in total debt, including $1.21 trillion in credit card balances, according to the Federal Reserve. These challenges are sharply felt in Boro Park, where 57% of families are considered low-income and must manage tuition, simchas, and household expenses under mounting financial pressure.
BPJCC�s program directly addresses these concerns, offering one-on-one coaching and practical workshops tailored to young couples and growing families. Financial coaches work to reduce intergenerational debt and equip households with the tools to achieve financial security.
�This program isn�t only for families already seeking food assistance or other services,� explains Avi Greenstein, BPJCC CEO. �It�s designed to benefit everyone in our community � from struggling households to high earners. Every family deserves the peace of mind that comes with financial stability.�
The program includes a six-session Financial Literacy Series that teaches couples how to manage budgets, plan for tuition and simchas, and develop long-term strategies for financial wellness. Sessions are offered in-person or virtually. A refundable deposit ensures commitment while keeping the program fully accessible.
Senior Coach Shlomo Weiss, a Licensed Financial Advisor and Coach with more than 20 years of business experience, adds: �Our goal is to make financial literacy second nature in Boro Park, so families can manage their homes like small corporations and pass that knowledge down to the next generation.�
This initiative is offered in partnership with the Orthodox Union�s Living Smarter Jewish program and is uniquely tailored to the needs of Boro Park families.
Couples interested in joining the BPJCC�s Financial Literacy Program can sign up here or email [email protected] with questions.
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