Governor Mark Dayton has proclaimed April as Financial Capability Month, a time to highlight the importance of financial education and empowerment to the state’s prosperity and the success of its residents.
Financial capability refers to people’s knowledge, skills and access to products and services that enable them to manage their finances, make informed choices for their financial security and avoid scams and fraud.
The governor’s proclamation states that “empowering and educating Minnesotans to be financially capable is vital to expanding economic opportunities and ensuring a prosperous, inclusive economy for all Minnesotans.”
Throughout the month, the Minnesota Commerce Department is partnering with businesses and organizations to highlight financial capability services available to Minnesotans. Through social media and its website, the Commerce Department will also feature useful financial capability tips, including a daily trivia question.
“Financial Capability Month focuses on providing all Minnesotans with the knowledge, skills and opportunities to make good money decisions,” said Commerce Commissioner Jessica Looman, whose agency protects consumers and regulates financial services in the state. “Building financial capability is essential for people of all ages, whether it’s kids learning the basics of saving versus spending, families managing their household budgets or retirees protecting their lifetime of savings.”
The Commerce Department will also host the 8th annual Minnesota Financial Capability Roundtable on Thursday, April 25, from 9 a.m. – 12 p.m. in the auditorium of the Minneapolis Central Library, 300 Nicollet Mall.