Michael Rainey Jr. has partnered with the Recovery Education Foundation to educate high school students about financial literacy. On Nov. 24, the actor attended an event hosted at Port Richmond High School of Staten Island, New York City, where he is from. Rainey spoke at the event about the importance of financial education.
The “Educate a Student. Protect Yourself” initiative aims to sponsor up to 250,000 New York City students and provide them “the financial education and identity protection tools they need to secure their future.”
“If I was these kids coming from this exact room…,” he said, according to Black Enterprise. “The first thing I would do is go home and ask my parents what their credit score is. And then, as time goes on, you become an authorized user on their [credit card] and start building your own [score].”
“Michael understands firsthand the importance of financial literacy, and now, he’s using his platform to give back to his hometown of Staten Island and beyond,” the R.A.R.E. Foundation states on its website.
The initiative is worth $2.4 million, according to The Source. Students will be given a financial literacy package that includes a year of Equifax Complete Premier on comprehensive credit monitoring and identity theft protection, a free credit consultation, as well as additional resources and courses teaching them about financial literacy.
Previously, the R.A.R.E. Foundation has also partnered with celebrities like Tashera Simmons and rap group The L.O.X., according to Because of Them We Can.
“At The R.A.R.E. Foundation…we are dedicated to giving every individual the opportunity to recover, improve, and thrive financially. Our mission is rooted in the belief that everyone, regardless of their past or current circumstances, deserves a respectable chance to achieve financial stability and success,” the website reads.
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