Navicore Solutions Delivers Vital Financial Counseling and Education Services Amid Growing Financial Challenges
Navicore Solutions: Empowering Individuals with Financial Literacy
MANALAPAN, N.J., April 25, 2024 (GLOBE NEWSWIRE) — As financial challenges continue to mount for individuals and families across the United States, the need for comprehensive financial counseling and education has never been more critical. This year, Navicore Solutions has seen a 46% increase in counseling sessions compared to the previous year, highlighting the growing demand for financial support. With April being Financial Literacy Month, now is the perfect time to shine a spotlight on the essential services provided by Navicore Solutions that benefit communities nationwide.
Recent studies by Payroll.org and Bankrate have shown a concerning trend of rising financial stress among Americans. According to Payroll.org’s 2023 survey, 78% of Americans now live paycheck to paycheck, a 6% increase from the previous year. Additionally, the November 2023 Bankrate report revealed that 49% of credit card holders carry debt from month to month, up from 46% in 2022. These statistics underscore the urgent need for accessible financial counseling and education.
In response to this growing demand, Navicore Solutions offers vital resources and guidance to individuals seeking financial stability. Diane Gray, Navicore’s Chief Operating Officer, emphasizes the organization’s commitment to empowering individuals with the knowledge and tools they need to make informed financial decisions and achieve their long-term financial goals.
Navicore Solutions works diligently to bridge the financial literacy gap by providing practical guidance on budgeting, debt management, and savings strategies. Don Hicks, Navicore’s Director of Counseling, explains that by instilling financial literacy habits, clients can avoid similar financial missteps in the future.
Despite the increasing need for financial education, only 25 states mandate personal financial education in high school, leaving a significant knowledge gap, particularly in underserved communities. The National Endowment for Financial Education (NEFE) highlights that Millennials and Generation Z struggle the most with personal finances, emphasizing the critical need for improved financial education and resources.
Navicore Solutions addresses this need by offering a range of services, including personalized budgeting assistance, debt management programs, and community outreach activities tailored to diverse communities. By empowering individuals with the knowledge and skills to make sound financial decisions, Navicore is paving the way for a more financially secure future for all Americans.
For more information about Navicore Solutions and its services, visit their website.
About Navicore Solutions
Founded in 1991, Navicore Solutions is a national leader in nonprofit financial counseling, dedicated to strengthening the well-being of individuals and families through education, guidance, advocacy, and support. Navicore counselors provide a wide range of services, including credit counseling, education programs, debt management plans, student loan counseling, and housing counseling services.
Contact:
Lori Stratford
Digital Marketing Manager
Navicore Solutions
[email protected]
navicoresolutions.org