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Treasurer: Report reveals statewide financial literacy education

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A money transaction at a financial institution (Nexstar, file)

BOSTON, Mass. (MassGOV)– The State Treasurer’s Office of Economic Empowerment (OEE) has launched a report detailing the state of private financial literacy (PFL) education supplied within the Massachusetts public college system. This report discovered that whereas private financial education programs could also be out there in many Massachusetts excessive faculties (round 85% supply them), their content material and scope are extremely inconsistent. And moreover, solely a small minority of center and elementary faculties supply any type of a complete curriculum. 

On Thursday, State Treasurer Deborah Goldberg and OEE hosted a digital briefing sharing the background and particulars of the report. The Treasurer mentioned the significance of achieving financial data and the state of any such education in Massachusetts. The OEE employees then offered on probably the most vital particulars revealed within the findings. Watch a recording of the occasion right here on the OEE’s YouTube channel. 

“Requiring that all Massachusetts schools offer financial education courses is a crucial step in building a more equitable future for our children,” stated State Treasurer Deborah B. Goldberg. “Now more than ever, access to these tools should be free and easily available to every student in grades K-12.”

In 2015, Treasurer Goldberg created the Massachusetts Financial literacy Task Force. Following the Task Force’s suggestions, OEE created this first-of-its-kind report back to map out the place Personal Financial Literacy education is and isn’t taught throughout Massachusetts. 

In order to make sure all college students have entry to the abilities they want, Treasurer Goldberg filed a invoice to require that financial education be supplied in all Massachusetts faculties. The findings on this report underscore the significance of passing laws such because the Treasurer’s proposal – House Bill 42: An Act requiring financial education in faculties.