LifePath gets financial literacy grant

Recorder Staff
Wednesday, February 28, 2018

GREENFIELD — LifePath received $5,000 from the state for a financial literacy award for the military community, Massachusetts Treasurer Deb Goldberg announced Thursday afternoon.

LifePath, an agency that provides services for the elderly and those with disabilities, is one of 10 organizations in the state to be awarded money as a part of a $50,000 initiative from the state.

The money comes from Operation Money Wise: Financial Education Opportunity Grant, which is meant to support financial literacy in the military, veteran, family and survivor community. The $50,000 comes from a settlement out of the state’s Division of Banks after alleged unlawful lending practices.

“These financial literacy grants will empower our veterans and their families to make informed financial decisions,” Goldberg said in a press release. “I am honored to support organizations that work to bring economic stability to the men and women who help deep our country safe.”

The money will go toward financial literacy of military personnel and their families, including strategy sessions on managing money, planning for college, preparing for retirement and monetary decision-making. There will also be one-day seminars and sessions taught at local colleges and financial institutions, according to the state press release.