It’s a common question we get from both supporters and skeptics of our mission to grow financial inclusion through mobile technology.

After rolling our eyes on the inside, and thinking to ourselves “have you hopped on a bus, train, or subway lately and watched the number of people with smartphones” – we break down the stats.

Smart technology is in everyone’s hands now

According to the Pew Research Center, 83% of Americans making between $30,000 and $75,000 a year own a smartphone. 53% of the same population rely on their mobile device for internet access because they don’t have a broadband connection at home.

Necessity is the mother of sound budgeting

So why are certain communities perceived as being technologically illiterate?

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While there are many reasons that I’ll leave you to ponder, the overriding theme is a lack of empathy.

Those of us who are fortunate enough to have savings, steady employment, and the amenities that come along with it, somehow believe we’re smarter than the person who’s working hard to transition out of financial hardship. But the truth is, folks with a little less are often money management ninjas that can prioritize the hell out of a budget for the most essential needs — like mobile and internet access.

It ain’t where you’re from, it’s where you’re going

Financial status is not a measure of intelligence, but a measure of circumstance — a place in time that can change with action. We believe anyone who’s committed to changing their financial circumstance for the better should have access to the tools, technology and knowledge to be achieve prosperity.

The MoCaFi platform is designed to help all people transition into prosperity by spending smarter, building credit, and living wealthy. Visit our site to learn more

P.S. See how we’re working with Facebook to provide high-quality, low-cost banking.