Rhode Island General Treasurer James Diossa recently announced a new pilot program called the Rhode Island Financial Capability Consortium, aimed at addressing the alarming statistic that about half of Americans are financially illiterate. The program will provide hands-on learning experiences for Rhode Island youth to help them broaden their financial horizons. The initiative begins in Central Falls with a group of 50 eighth-grade students who will learn important financial skills such as saving and investing in the stock market.
The goal of the program is to equip young people with the knowledge needed to make informed financial decisions as they grow older. The treasurer’s website offers more information for those interested in learning more about the consortium. This initiative is an important step towards improving financial literacy in Rhode Island and empowering the next generation with the tools they need to succeed financially.
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