- Associated Press - Sunday, June 9, 2019

PROVIDENCE, R.I. (AP) - A new fund has been created to support financial literacy instruction in schools statewide.

The United Way of Rhode Island and Treasurer Seth Magaziner announced the creation of “Financially FIT Rhode Island” last week.

Administered by United Way, the fund will award grants for professional development and financial literacy course material. Local financial service firms have made $50,000 in initial pledges.

Magaziner’s office says the program will be officially launched when legislation guaranteeing access to financial literacy education becomes law. Lawmakers are considering a bill mandating financial literacy to be taught in public high schools.

Magaziner and Cortney Nicolato, president and CEO of United Way of Rhode Island, say young Rhode Island residents aren’t prepared to make important financial decisions because they are not taught financial literacy in school.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide