This entrepreneur is spreading financial literacy on TikTok

The video discusses the lack of financial literacy among US adults, with only 57% being financially literate. Ashley M Fox, CEO of Empathy, shares her journey from Wall Street to founding a company aimed at making finance accessible. She highlights the importance of financial education, especially for children, and her work with the Community College of Philadelphia. Ashley also shares investing tips, emphasizing starting small and choosing reputable educators. She uses TikTok to reach a wider audience, providing relatable financial advice.

What percentage of US adults are considered financially literate?

• 57%

• 75%

• 40%

• 90%

What motivated Ashley M Fox to start her company, Empathy?

• A need to travel more

• A passion for technology

• A lack of financial education in schools

• A desire to work with millionaires

What is the main goal of Ashley's partnership with the Community College of Philadelphia?

• To offer job placements

• To provide scholarships

• To help students become investors

• To teach students how to save money

What is a key factor Ashley mentions for connecting with her TikTok audience?

• Using complex financial jargon

• Relating finance to everyday life

• Offering free financial advice

• Posting daily videos

What is one of the first steps Ashley suggests for those new to investing?

• Invest in real estate

• Buy expensive stocks

• Consult a financial advisor

• Open a brokerage account

According to Ashley, what should you consider when choosing a financial educator on social media?

• Their entertaining content

• Their experience and resume

• Their ability to guarantee returns

• Their number of followers

What is Ashley's advice for starting to invest with limited funds?

• Start with what you have

• Wait until you have more money

• Invest in high-risk stocks

• Borrow money to invest