Philadelphia is statistically the poorest major city in America. One idea to fight that: financial literacy and entrepreneurship education for Philly youth.

Philadelphia Financial Scholars (PFS) launched this week to help high school students develop “wealth-building tools” via lessons on budgeting and saving, as well as building a business plan.

The nonprofit grew from an existing in-class financial literacy program for high school students started in 2016 by FS Foundation, the Navy Yard-based asset management firm FS Investments’ philanthropic arm, in collaboration with University of Pennsylvania’s Netter Center for Community Partnerships.

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