In her welcome to Boston Public Schools (BPS) students outside City Hall Thursday, Disabilities Commissioner Kristen McCosh encouraged them to “learn a lot, ask a lot of questions” of the banks and credit unions that had come to meet with
When it comes to teaching young people about credit, Alicia Sasser Modestino jokes that adults are about as wary of the topic as they are of sex ed: “Adults are afraid if they teach kids about it, they’ll want to
A key wedge driving the gap between Boston’s affluent and low- and middle-income residents is credit. While good credit opens the door to low-cost loans, poor or no credit can make innumerable life transactions more expensive, from car loans to
Too many adults fail to appreciate the value of good credit until they’ve suffered the consequences of poor or no credit: diminished opportunity for jobs or housing, exorbitant loan or interest rates, limited access to further credit. But could these
The pilot version of Boston Saves, the city’s new children’s savings account (CSA) program, rolled out eye-level with its beneficiary audience – kindergarteners – in early November to teach them about saving money. At Roosevelt K-8 School in Hyde Park, Miss Money and the Coins
The National League of Cities (NLC) has invited Boston and four other cities to participate in a new Children’s Savings Account (CSA) learning collaborative cohort. This will enhance and support Boston’s own CSA pilot program that is expected to launch
Communities across the United States have started launching children’s savings account (CSA) programs to help families save for their children’s college futures. But Boston’s CSA program, whose pilot is set to launch in Fall 2016, stands out in an important
Mayor Martin J. Walsh and Boston Public Schools Superintendent Tommy Chang recently launched a tuition-free community college plan, which provides a cost-effective entry point into higher education for Boston’s young people. “The single most effective way to break down the social
The Office of Financial Empowerment launched an innovated Youth Credit Building program earlier this year, aimed to help Boston’s youngest working professionals learn about and improve their FICO scores while saving so as to achieve lasting lifetime savings and improve