NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) â€” Providence is among four cities selected to test a new federal program teaching financial literacy skills to young people just entering the workforce.
The Consumer Financial Protection Bureau developed the pilot program, which aims to teach people ages 14 to 21 how to set money goals, track spending, understand credit and other skills.
Desmond Brown of the bureau says they hope to help first-time workers in summer jobs learn how to manage their new income.
The other cities piloting the project are St. Louis, Evansville, Illinois, and Little Rock, Arkansas.
SHUTTERSTOCKTTERSTOCK Laura Stone