Kaiser Permanente gives $2.5M to improve financial literacy

Oakland, Calif.-based Kaiser Permanente has donated $2.5 million to Change Machine, an organization that helps low-income people build financial security and literacy.  

Change Machine plans to use the grant to provide training to 190 local service organizations through its platform and help teach families to better manage their finances, including loans, debts, savings and budgeting, according to the July 19 press release. The initiative aims to benefit 100,000 more people every year.

"We know that the stress that comes with having to stretch every dollar can lead to health issues. And not having enough money to secure safe and stable housing or healthy food also has a negative effect on health," said Bechara Choucair, MD, senior vice president and chief health officer at Kaiser Permanente, in the press release. "At Kaiser Permanente, we believe we have a role in addressing these critical issues with our members and communities."

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