PROBLEM STATEMENT AND PURPOSE STATEMENT 3
Problem statement – there has been a lot of research that hasfocused on job turnover among African Americans. However, minimalresearch has focused on the level of financial literacy among thegroup. According to Shubert (2014), African American men constituteof the lowest number of students that graduate, in addition to beingthe highest number that dropout of school. This can only mean thatthe number of black males getting financial literacy education isminimal. Few blacks can classify themselves as properly prepared tomake intelligent financial decisions (Pelletier & Taylor, 2015).Job turnover rates among this population are also high. It is unclearwhether there is or there is no relationship between job turnover aswell as financial literacy among black males, who are recentgraduates.
Purpose statement – the objective of this study is to conductresearch on job turnover among black male graduates and determine ifthere is a relationship between turnover and financial literacy.Further, the research aims at determining whether there is or norelationship amid black ability to access financial literacy, whichlinks to their high job turnover. Although there is a low rate ofblack male graduates (Tatum &Muhammad, 2012), due to poor investment in their education,even those that graduate may not hold degrees from recognizeduniversities. This brings forth the issue of the amount of financialliteracy that black males get from college. The population facesnumerous constraints, which impede their ability to access qualityeducation. Bearing in mind that most African American males do nothave quality education because of the quality of institutions, andthen it is possible that they do not get enough financial literacy.
Pelletier, S & Taylor, S. C. (2015). The African Americanfinancial experience: 2015-16 prudential research. Prudential,1-13.
Shubert, T. L. (2014). Retention pathways for African American males.College of Graduate Studies, 7-132.
Tatum, A. W., & Muhammad, G. E.(2012). African American males and literacy development in contextsthat are characteristically urban. UrbanEducation, 47(2),434-463.