Financial Education Could Go Statewide

Ten financial education bills were reported out at Joint Committee on Education on June 6th. This is both promising and problematic. It is promising because nearly 50 congress persons expressed an interest in this issue by either sponsoring or co-signing one of these bills demonstrating their recognition that Massachusetts needs to take action. The problem is that there are ten bills with varying foci. As President of the Massachusetts Council on Economic Education and MassSaves Chair of the K-16 Workgroup, I am energized to see such interest and support. Given the current challenging state budget issues on one hand and the successful student-led adoption of personal finance standards in Rhode

As President of the Massachusetts Council on Economic Education and MassSaves Chair of the K-16 Workgroup, I am energized to see such interest and support. Given the current challenging state budget issues on one hand and the successful student-led adoption of personal finance standards in Rhode Island on the other hand, we recommend close attention and support be focused on three of these bills:

These bills focus on the establishment of standards and contain a component that also specifies the broadest spectrum of educators to teach the content. In October, MassSaves will conduct a Day on the Hill and we hope that by then our representatives will have heard from you regarding your opinion about the importance to expose our youth to informed financial decision making through the creation of standards and the development of curriculum, teacher resources and professional development as indicated collectively in these bills. Please read the bills and take a couple minutes to contact your representatives or the people listed below who serve as co-chairs of the Joint Committee on Education. As we heard at the 2017 Summit it can take as little as six inquiries for legislators to take notice.

For your convenience, here is the contact information for Representative Alice Hanlon Peisch and Senator Sonia Chang-Diaz:

Representative Alice Hanlon Peisch

State House
24 State Street, Room 473G
Boston, MA 02133
617) 722-2070
Alice.Peisch@mahouse.gov

Senator Sonia Chang-Diaz
State House
24 State Street, Room 111
Boston, MA 02133
(617) 722-1673
Sonia.chang-diaz@masenate.gov


About the Blogger: George “Scott” Guild is the President of the Massachusetts Council on Economic Education (@econedtweets). He blogs at masseconed.org and can be reached at scottguild@masseconed.org.

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