The Office of Economic Empowerment (OEE) helps people learn how to confidently manage their money and plan for their family's future. The department is also a resource to organizations, government agencies and elected officials as they work to support their communities' economic well-being. Under the guidance of Treasurer Goldberg, the department also works alongside policymakers to establish pathways to wealth equity in Massachusetts.
OEE has programs for individuals looking to improve their financial literacy. In addition, the department manages BabySteps, which provides a free $50 deposit into a MEFA U.Fund College 529 Investing Plan account for Massachusetts babies and recently adopted children, helping families save for their children's future education and job training costs.
Financial Literacy Task Force
The Financial Literacy Task Force convened in 2015 to complete a comprehensive study of access to financial education in Massachusetts and studied three key demographic groups: K-12 students, college students, and adults. The recommendations in the final report shaped the direction of financial literacy programming offered by the Office of Economic Empowerment.
Following the guidance of the Massachusetts Financial Literacy Task Force, the Office of Economic Empowerment issued a Report on Personal Financial Literacy Education in Massachusetts Schools to map out existing personal financial literacy (PFL) education in the Massachusetts public school system.