In the News

August 14, 2020

The Wall Street Journal: Millennials Slammed by Second Financial Crisis Fall Even Further Behind

AxisCare CareAcademy

CareAcademy is mentioned in This Wall Street Journal article describing how the economic fallout of the Covid-19 pandemic has hit millennials harder financially, and how they are responding.

This article brings to light CareAcademy’s recent project, The Future of Work Campaign, where the company is working to help transition workers into home health aide jobs.

From the article:

“Seeking to mitigate that penalty is Ankur Jain, an entrepreneur who founded the venture fund Kairos, which builds businesses that help make life more affordable for young adults. Last month, Kairos started to place thousands of young adults in home health-care jobs through CareAcademy and Care.com and pay for them to earn the necessary certification.

Although home health jobs typically pay low wages, Mr. Jain said the program will include a path toward becoming a licensed practical nurse, which pays more and can act as a springboard for a career in health care. “What we need to do is find ways to get people back on their feet,” said Mr. Jain, chief executive of Kairos.”

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