MA S2988

Establishes the Massachusetts Financial Literacy and Longevity Hub, a centralized online portal providing resources on financial education, budgeting, insurance, retirement planning, and wealth-building opportunities, with searchable directories of accredited financial institutions and advisors by zip code.

Creates a 13-member Adult Financial Literacy Education Consortium, convened by the Commissioner of Higher Education, to develop a universal adult financial literacy curriculum with recommendations due within 1 year of enactment.

Requires regional financial literacy centers across the commonwealth and directs the Department of Higher Education to establish a competitive grant program funding free financial literacy programs at these centers.

Establishes a special legislative commission to develop a statewide financial literacy strategy, with a report and recommendations due by December 1, 2026.

Mandates a semester-long personal finance course for all public high school students in 11th or 12th grade beginning in the 2026-2027 school year, covering topics including taxes, credit, investing, identity theft protection, cryptocurrencies, and home buying.