State Treasurer Issues Report on Financial Literacy in Massachusetts

BOSTON — State Treasurer Deborah Goldberg recently unveiled a one-year progress report on her Office of Economic Empowerment’s financial-education initiatives. The review highlighted the advancements resulting from the 2015 Financial Literacy Task Force Report.

The task force consisted of a diverse group of policymakers, educators, bankers and advocates, and convened last year to develop an action plan for Massachusetts residents to have access to the financial skills they need to attain economic stability. The report culminated with the release of 22 recommendations aimed at empowering residents with an understanding of how to budget their money, save for retirement, and understand the impact of economic decisions.

“I am thankful for the many partners that share our vision and commitment to expanding economic security in Massachusetts,” Goldberg said. “We will continue to innovate and expand our programs through a digital delivery of financial education and partnerships throughout the state.”

In one year, Goldberg’s Office of Economic Empowerment initiated 14 of the 22 policy recommendations provided by the task force, including: establishing $eedMA, a pilot program designed to help kindergarten families save for post-secondary education and training; creating the Women’s Economic Empowerment Series, a free financial-empowerment workshop series for women; ande the relaunch of Operation Money Wise as a grant program for organizations to provide financial education and programming to the military, veteran, family, and survivor community.