A study released today by the Mayor’s Office of Financial Empowerment (OFE) finds that the Financial Check-Up (FCU) – a light-touch, one-on-one credit review – can make a dramatic impact on residents’ financial well-being in a short amount of time. A randomized, controlled trial of hundreds
The newest findings from a multi-year study of Boston’s summer youth employment program show a significant byproduct: a decrease in crime. Among the 600+ young people studied who participated in the 6-week jobs program, arraignments for: violent crime dropped by 35%
Santander Bank and the Mayor’s Office of Financial Empowerment (OFE) have announced that the Boston-based bank will provide a $200,000 grant in support of OFE’s financial education and economic development work for city residents. The OFE will use the grant