PROVIDENCE, R.I. -- State General Treasurer Gina M. Raimondo will launch Empower RI, a financial literacy initiative on Tuesday.
GINA RAIMONDO
"Far too many Rhode Islanders face challenges that might have been avoided through a greater understanding of personal finance," Raimondo said in a statement. "If families are more financially stable at home, our entire state will benefit. Financial empowerment can play a role in our economic recovery."
Raimondo said research indicates Rhode Islanders may benefit from learning how to better manage their finances because:
-- 67 percent of Rhode Islanders say they have difficulty covering expenses and paying bills
-- Only 36 percent have emergency funds
-- More than 30 percent have no retirement plans and 62 percent have not even figured out their retirement needs.