Bill > S752

This bill establishes a comprehensive financial literacy initiative in Massachusetts aimed at improving financial education and opportunities for residents. The legislation creates a Massachusetts Financial Literacy and Longevity Hub, a centralized online portal providing resources on financial education, personal planning, insurance, wealth-building, and consumer information. Additionally, the bill forms an Adult Financial Literacy Education Consortium of 13 members from various professional backgrounds to develop a universal adult financial literacy curriculum. The initiative includes establishing regional financial literacy centers, creating a competitive grant program to fund these centers, and forming a special legislative commission to study and improve financial literacy strategies. The bill also mandates a semester-long personal finance class for 11th and 12th-grade students in public high schools, which must include an experiential learning component. The overall goal is to democratize access to financial information, help residents understand financial products and opportunities, and promote economic empowerment across diverse populations in Massachusetts.

Business and Industry

https://malegislature.gov/Bills/194/S752