Funding for Gateway City financial education and IDAs

The Massachusetts legislature is looking at funding for asset building anti-poverty strategies through two separate bills. The House budget provides resources to implement a financial education program aimed at Gateway City students in the k-12 public school system. The Senate budget restores $100,000 in funding for state Individual Development Accounts, which help low-income individuals build savings.

For our views on the role and potential of these strategies, see this post and this MassINC report.

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