Wednesday, June 20, 2012
The Massachusetts legislature is looking at funding for asset building anti-poverty strategies through two separate bills. The House budget provides resources to implement a financial education program aimed at Gateway City students in the k-12 public school system. The Senate budget restores $100,000 in funding for state Individual Development Accounts, which help low-income individuals build savings.
For our views on the role and potential of these strategies, see this post and this MassINC report.
Family Financial Skills