First Responders Children's Foundation and JPMorganChase Announce Free Financial Wellness Education Program for First Responder Families

Core Insights - First Responders Children's Foundation (FRCF) and JPMorgan Chase have launched a financial health education program aimed at supporting the financial stability of first responder families across the U.S. [1][2] Group 1: Program Overview - The initiative includes virtual financial education workshops at no cost, tailored to the unique challenges faced by first responder families [1][3] - Topics covered in the workshops will include saving, budgeting, goal setting, credit management, and emergency savings [3][4] Group 2: Financial Challenges - First responder families encounter financial challenges similar to the general population, such as mortgage payments and college savings, but face additional burdens like unexpected emergencies and childcare costs due to long shifts [2] - A study indicated that only 51% of first responders have a financial emergency plan, and over 65% earn below the U.S. average annual wage of $48,060 [2] Group 3: Partnership Benefits - The partnership allows first responder families to access Chase's network of nearly 5,000 local bank branches for personalized financial discussions [4] - Resources provided are available at no cost to all first responders and their children, regardless of their banking relationship with JPMorgan Chase [5] Group 4: Organizational Background - FRCF focuses on scholarships, financial assistance, mental health resilience, and community engagement to support first responders and their families [6] - JPMorgan Chase is a leading financial services firm with$4.0 trillion in assets and $345 billion in stockholders' equity as of December 31, 2024 [6][7]