Kindergarten Students Across Boston Receive $50 In Saving Program!


The money is to get families started on saving for college or other career training. Each student is automatically enrolled in Boston Saves. They can’t touch the $50 until after high school and only for college or other job training. Parents can also earn incentive payments. “They get incentives for linking their accounts, they get incentives for saving regularly,” The seed money won’t grow for the child. Instead, any interest will go back into the program. And of course, $50 won’t even buy mostly college textbooks, but the goal is a lot broader.
“We are giving people a tool and money, but really what we’re trying to do is start parents and kids thinking about the future early on. What is a better way to invest in the future of Boston and Boston’s families than investing in our kids,” CBS BOSTON
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