On October 28, 2009, a Summit on Financial Education was held at the Federal Reserve Bank of Boston, hosted by the newly formed Massachusetts Financial Education Collaborative. Over one hundred thirty financial educators, financial curriculum providers, community-based service providers, financial institutions representatives, regulators, and other interested parties met for to network and share ideas for improving financial education in Massachusetts. This was the first meeting of its kind to explore the development of a coordinated, collaborative infrastructure for financial education delivery in the state.
The day opened with greetings from Richard Walker, Vice President of Community Affairs for the Federal Reserve Bank of Boston and State Treasurer Timothy Cahill. Remarks by Barbara Anthony, Undersecretary for Consumer Affairs, included a Proclamation from the Governor declaring October to be Financial Education Month in the Commonwealth, and recognizing the formation of the Massachusetts Financial Education Collaborative.
Materials included:
- The agenda
- A statewide survey of nearly 200 community-based financial educators and direct service providers, conducted by The Midas Collaborative, The State Treasurer’s Office, Mass INC, and the FDIC.
- The 2009 Financial Institution Survey Report of financial institutions, conducted by the Massachusetts Community & Banking Council, The Massachusetts Bankers Association, and the Massachusetts Credit Union League.
- A background paper and an invitation to join the Collaborative and be listed on our website (coming soon) as a member and a practitioner in the field of financial education.
- The Assets and Opportunities Scorecard, a comprehensive look at poverty, wealth, and financial security of families in Massachusetts as it compares to other states, a study by CFED of Washington DC.
- Summit notes are here!
We welcome your participation
Next steps:
- The Collaborative’s Life Span Sub-Group for youth (K-16) group is meeting on Thursday March 4, 1:00 PM. if you would like to join us please RSVP to: George Scott Guild of the Federal Reserve - George.Guild@bos.frb.org
- The Collaborative's Life Span Sub-Group for Adults group is meeting on Friday February 12, 1:00 PM. The meeting will be held at the McCormack Building, 1 Ashburton Place, Boston. If you would like to join us please RSVP to Jeff Lounsbury- Jeff@massassets.org
- The Collaborative’s Sub-Group/Task Force to explore developing a statewide office of financial education will meet on Tuesday February 9th 10:00 AM at the offices of Mass Banker's Association in 1 Washington Mall. If you would like to join us please RSVP to: Kathleen Tullberg of MCBC - tullberg@MCBC.info
- The Steering Committee of the Collaborative is meeting on Tuesday March 2nd 10:00 AM at the offices of Mass Banker’s Association in 1 Washington Mall. If you would like to join us please RSVP to: Margaret Miley of the Midas Collaborative- MMiley@MassAssets.org
- Meetings of the Collaborative’s Older Adult Sub-Groups will be planned and posted soon.
- A list of service providers will be posted here in the near future.
Results:
- A complete summary of Summit findings is available here.
