Charles Lattimer is a seasoned technology entrepreneur and innovator, with over 25 years of experience. He founded his first technology start up in graduate school at Virginia Tech back in the 1990s, which was acquired in 2000. He has pioneered technologies and business models in financial technology, payment systems, loyalty programming, funding models, online learning, management and profitability simulations, and most recently financial wellness.
The conversation was around the social determinants of health and the importance of financial stability in assuring their members had security in other areas like housing, food and transportation.
Together, they identified two key areas that needed to be bolstered within the community: general financial literacy and ensuring individuals without bank accounts have access to free emergency savings accounts.
So once they take the lessons learned through financial literacy — and hopefully begin spending a little bit less than what they make, they have an opportunity to take those additional resources and invest in themselves over time for an emergency savings account.
We understand that 50% of people who have financial challenges are too embarrassed to ask for help.
Anytime you can kind of remove that barrier of embarrassment, it’s an opportunity to engage somebody on their financial wellness journey. We like to unfortunately say that the most expensive job in America is being poor, and we’re actively engaged in making sure that is not a problem in this country within the next five to 10 years.31 July 2022