Support the news

Are Most Mass. Residents Financially Literate?29:19

This article is more than 8 years old.

Consumer awareness of financial services — everything from subprime mortgages to inscrutable credit card agreements — has been a hot topic since the financial crisis of 2008.

Just last week, the Office of Consumer Affairs and Business Regulation (OCABR) here in Massachusetts released a study which showed that Bay State consumers think they are keeping close tabs on their finances, but are unaware of many helpful resources and potential problems.

Resources, from OCABR:
-- 18-65 bank account information and brochure (PDF)
-- Information on managing credit and debt
-- Selecting banks and basic banking information
-- Project Credit Smarts


  •  Barbara Anthony, OCABR undersecretary
  • Margaret Miley, executive director, The Midas Collaborative
  • Thais DeMarco, program coordinator, The Somerville Community Corporation

This segment aired on July 30, 2012.

Support the news