Since the first day of her administration, Treasurer Deb Goldberg has recognized the intrinsic link between her office's duties and its unique ability to strengthen the economic security of every Massachusetts resident.
One of Treasurer Goldberg’s first initiatives in her administration was the creation of the Task Force on Financial Literacy, a group of policymakers, educators, bankers, and advocates responsible for examining the state of financial education in Massachusetts. The Task Force was asked to complete a comprehensive study of access to financial education in Massachusetts, and release a detailed set of actionable recommendations to enhance financial literacy throughout the state.
In approaching this assignment, the Task Force studied three key demographic groups: K-12 students, college students, and adults. The report attempts to identify and summarize the key challenges faced by the studied populations, and offer specific recommendations that are high-quality, actionable, and scalable.
Report on Financial Literacy in Massachusetts: A Roadmap to Economic Empowerment file size 8MB concludes that many residents and families simply lack access to and awareness of the tools that they need to manage their money, plan for college, save for retirement, and make sound decisions for their future. However, it also acknowledges numerous financial education resources that already exist in our state, and outlines strategies to build upon these efforts.
The recommendations contained in the action plan are designed to have broad impact, reach a diverse range of Massachusetts residents, break down barriers, and create opportunity.
Read the Executive Summary file size 3MB
Read the Full Report file size 8MB