Treasurer Ball announces Financial Empowerment Coalition and database

04/16/2018 04:09 PM

State Treasurer Allison Ball, R-Kentucky, announced a first-of-its-kind Financial Empowerment Database on Monday morning during the launch of the Financial Empowerment Coalition and the Financial Empowerment Database.

“As a former bankruptcy attorney, I understand the need of greater financial literacy in our state,” Ball said in a news release. “This is an exciting day in Kentucky, as this coalition and database will help bring greater financial empowerment to Kentuckians. With the passage of HB 132 this session, we now have an opportunity to potentially change the lives of many, many people.”

Legislation passed this year, and signed into law adds financial literacy a graduation requirement for Kentucky public high schools. The law allows local principals to determine how to meet that requirement; and Ball said the Financial Empowerment Database offers resources to those schools.

“We have been developing this resource through conversations with community leaders for quite some time,” Treasurer Ball said. “The coalition has been hard at work, developing solutions to Kentucky’s need for greater financial literacy and financial empowerment among many different communities. I am proud of this database and the work we have started.”

The database has been compiled as part of Treasurer Ball’s Financial Empowerment Coalition, which began meeting the year she took office, according to a press release.

The online database’s resources are divided into six groups including: Aging Kentuckians, Emerging Adults, Kentuckians with Disabilities, Low-Income Families, Student Strategies, and Veterans and Military Personnel.

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