When it comes to teaching young people about credit, Alicia Sasser Modestino jokes that adults are about as wary of the topic as they are of sex ed: “Adults are afraid if they teach kids about it, they’ll want to
For many Boston residents, “credit” can be a scary word. A reminder of money mistakes. A score to avoid. A part of an inscrutable financial system. Roxbury resident Cynthia Jones had gotten to the point of dreading her mail. “When
A key wedge driving the gap between Boston’s affluent and low- and middle-income residents is credit. While good credit opens the door to low-cost loans, poor or no credit can make innumerable life transactions more expensive, from car loans to
On Tuesday Mayor Martin J. Walsh announced the launch of two new programs to help low- and middle-income families grow their wealth: Boston Builds Credit and Bank On Boston. “In Boston, we believe that a great city is one that
Too many adults fail to appreciate the value of good credit until they’ve suffered the consequences of poor or no credit: diminished opportunity for jobs or housing, exorbitant loan or interest rates, limited access to further credit. But could these
The Office of Financial Empowerment (OFE), a division of the Mayor’s Office of Workforce Development, recently launched a first-of-its-kind credit-building program for young adults ages 18-28. Over the course of a year, the program aims to introduce young people to the