AP to create financial skills beat team

The Associated Press plans to create a team with financial competencies to help reach a younger, less affluent and racially and ethnically diverse group of Americans, including colored, Hispanic and middle- and low-income households.

The team will produce written stories, images and graphics and in multiple languages. It will also work on equipping AP customers with data and ideas for locating personal financial stories in their communities.

The effort is supported by the Charles Schwab Foundation, a private foundation separate from The Charles Schwab Corp.

AP retains complete editorial control over all content.

“There is a crisis of financial illiteracy in the United States that is taking place against the background of growing inequality in wealth,” he said. Noreen Gillespie, AP global business editor, in a statement. “As government programs that strengthened America’s economy during the pandemic begin to disappear, many vulnerable individuals are likely to face new challenges. Now more than ever, it’s crucial for the AP to build a team dedicated to personal finance journalism that speaks to a truly diverse audience. . “

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