InvestNYou wins Rep. Nicholas Langworthy’s Congressional App Challenge in New York’s 23rd District

When asked what inspired the creation of InvestNYou, the students said, “Recently, we found out a few alarming statistics on personal financial literacy rates in the U.S. According to the Pew Research Center, only ~1 in 4 adults feel confident creating an investment plan, demonstrating unpreparedness among American adults involving investments. In addition, the TIAA institute reports that the average American answers less than half (48%) of basic finance questions correctly, which shows a lack of knowledge in investing, budgeting, and saving. Furthermore, the Pew Research Center reports that only ~1 in 4 adults feel confident creating an investment plan. Regarding budgeting and American families, ExcelinEducation reveals that about 65% live paycheck-to-paycheck, and fewer than half could handle a $1,000 emergency. Learning this, we realized the lack of financial education in our K-12 system, which causes later impacts of financial challenges. InvestnYou was born on the belief that anyone, from any educational background or age, deserves to have the opportunity to learn personal financial literacy. These skills are proven to be critical to one’s lifetime and especially to guarantee a sustainable retirement.

“By furthering financial education, especially towards the youth, we are promoting the good virtues of society of organizational planning, and to move national progress, leading to a healthier economy. We believe that the lack of financial education has caused perpetual economic inequalities in underserved areas. 

“InvestNYou is designed to be an all-around, comprehensive app that builds personal financial literacy skills from the ground up, preventing these cases and addressing these issues. Our team believes that InvestnYou can be incorporated into K-12 school systems nationwide. However, our goal is to start small by working hard today to build a better tomorrow for a more secure financial future.”