Financial advisor, Charlie Massimo, discusses managing finances for adults with autism while CEO, Lanaya Irvin, talks about advancing Hispanic and Latino talent. Topics include the financial struggles of raising children with autism, creating affordable housing, empowering Latino professionals, and investing in diversity.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Raising a child with autism poses significant financial challenges, costing approximately $2.5 million throughout their life.
Limited employment opportunities for individuals with autism due to employers' lack of understanding or accommodations.
Deep dives
Planning Challenges for Families Affected by Autism
Raising a child with autism presents significant long-term financial planning challenges as it involves lifelong care. The estimated cost of caring for a child with autism throughout their life can reach about two and a half million dollars. This financial burden requires families to balance providing for their child's needs while also securing funds for their own retirement. Employment opportunities for individuals with autism are limited, with 68% of them remaining unemployed due to employers' lack of understanding or accommodations for their unique skills.
Addressing Financial Support and Employment Opportunities
Families caring for individuals with autism can explore available governmental entitlements such as Medicaid and Social Security to meet the substantial financial demands. Initiatives and programs, including leveraging AI technologies in the workplace, aim to improve employment opportunities for individuals with autism. Companies like Microsoft and Panera are working towards integrating individuals with autism into the workforce by adapting communication strategies and providing necessary support and training.
Increasing Awareness and Funding for Autism Support
Despite the rising prevalence of autism, the disorder remains significantly underfunded, creating financial challenges for families and limited resources for individuals with autism. Awareness about autism has increased over the years, leading to more diagnoses and understanding, yet financial aspects receive inadequate attention. The importance of funding and support for therapies, lifelong care, and affordable housing for individuals with autism is highlighted for a more inclusive and supportive environment.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Charlie Massimo, Financial Advisor at Wealth Enhancement Group, discusses managing the finances and care for adults with autism for Autism Awareness Month. Lanaya Irvin, CEO at Coqual, talks about the firm's report on the Advancement of Hispanic and Latino/a Talent. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.