Obama Scholar Works to Help People Without Banks Get Money

Antonella Perrone is a leader from Argentina who helps people without bank accounts or internet access get money they need. She works at a company called Xcapit that creates special phone tools to send money to people who don't have smartphones or internet. Her team built a system that lets people receive money through simple text messages on any phone. They successfully helped 100% of people in a remote community in Peru get the money they needed. Antonella is part of the Obama Foundation Scholars program, which helps rising leaders from around the world learn new skills to make bigger changes in their communities. She wants to help more people across Latin America get access to financial tools so they can build better lives for themselves and their families.

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MoneyHow National Debt Affects Your Money and FutureThe national debt is money the U.S. government owes to people and other countries. When this debt gets too big, it can hurt everyone's finances. It could make it harder and more expensive to get loans for homes or start businesses. By 2053, the government will spend more money just paying interest on debt than on schools, roads, and research combined. This means less money for important things that help communities grow. Young people will be especially affected - one study showed families could lose $16,000 in income by 2048. The debt also takes money away from healthcare, education, and other vital services. About one-third of the debt is owed to other countries. The Up to Us organization teaches young people about this issue and encourages them to talk to their representatives. They believe everyone should care about fiscal policy, whether you care about healthcare, education, clean energy, or defense. You can sign a pledge to show you care about America's financial future and get involved in your community.