Invest in Personal Finance Education and Resources

While knocking doors this spring, I met a resident who shared a discouraging story. He and his family are recent immigrants who had been actively solicited by credit card companies. The companies were offering cards that the family later discovered had high interest rates and hidden fees. They were lucky enough to catch the problem early; if they hadn’t, they would have been trapped in an endless cycle of debt. Sadly, their story is not isolated: Financial institutions target historically underserved communities within this district and around the country, such as immigrants and people of color. We must empower all members of our community to protect themselves and their families against these threats by investing in personal finance education and resources.

The problems relating to financial literacy extend far beyond credit cards. Power imbalances, from banking to education, are also strongly exacerbated by this gap. For example, the Consumer Finance Protection Bureau writes that financial literacy is key to the ability to navigate the banking system, where fees for violating opaque rules are commonplace. This is also true for the world of student loans. Student debt has been rising significantly, with the average Massachusetts graduate owing more than $31,000 in 2019. These borrowing decisions are made by students shortly after high school graduation; these students often lack the tools to manage a loan process that will have consequences for the rest of their lives. Banking fees and student debt can lead to savings losses, crushing interest rates, and even housing or job rejections.

While our state has made some progress in pursuing financial literacy initiatives, our community still experiences the consequences of this educational gap. I am proposing a multi-step policy to boost financial literacy, focused on aiding and augmenting Boston’s current efforts. This financial literacy program will be intersectional, accessible, and transparent. It will be an effective way to supplement other important policies such as a higher minimum wage and stronger worker rights, all while providing a base of knowledge that will empower residents who are seeking affordable housing, higher education, or employment.

Implementation will have two parts: the first in Boston Public Schools, and the second directly in our communities.

First, hands-on financial literacy lessons should be integrated into our children’s education. Nationwide, 22 states require high schools to offer a personal finance course. Sadly, Massachusetts is not one of them. To start, we should create after-school financial literacy lessons and begin the process of integrating them into our school curricula. As a City Councillor, I will advocate for the inclusion of these important lessons and for the budget allocation required to make them a reality.

Second, we should bring these literacy lessons directly into our communities. Libraries and community centers, already vital hubs for neighborhood engagement and support, can become locations for free, city-taught financial literacy courses for all our residents. Our City’s Office of Financial Empowerment (OFE) provides one-on-one financial coaching sessions to those who request them. However, the office is currently understaffed and underutilized. As a member of the City Council, I will be a strong advocate for increasing OFE’s funding so that it may expand its existing programs, develop new resources, and enhance outreach across the city. Ultimately, we will open a second OFE headquarters to provide services to even more neighborhoods.

Financial literacy programs are not a quick solution to poverty. However, to tackle inequality in all its forms, we need to build on a solid foundation. Affordable housing initiatives are imperative, but their success will be limited if those we seek to help do not have the tools to navigate mortgages, banks, or credit. Similarly, we cannot improve access to higher education and set students up for lifelong success if they are not taught the fundamentals of borrowing and student loans. Financial literacy is power, and it is an anchor to enable prosperity for all our community members. As a City Councillor, I will make sure financial literacy is part of a larger effort to make Boston inclusive, accessible, and affordable for all.

Hélène Vincent is a candidate for Boston City Council in District 8, which includes Mission Hill, Fenway/Kenmore, Back Bay, Beacon Hill, and the West End.

Taking the Time to Listen: LGBTQ+ Youth Bullying

Boston’s Pride Festival is an opportunity for us to come together and celebrate some of our city’s best qualities: our tolerance, diversity, and protection of LGBTQ+ rights. There are many that are not yet ready to join us at Pride, still too young to find their voice or too vulnerable to celebrate.

Despite Boston’s embrace of progressive values, young people in our city still experience bullying and social exclusion, especially LGBTQ+ youth who are statistically more likely to be targeted. The CDC’s 2017 Youth Risk Behavior Survey showed that LGBT students were twice as likely as their heterosexual peers to report having been bullied on school property.* The statistics for transgender and gender-nonconforming students are even more sobering. According to the 2017 National School Climate Survey conducted by by GLSEN, 83.7% of transgender students and 69.9% of gender-nonconforming students were bullied or harassed at schools.^  The same survey found that in Massachusetts, 45% of the students surveyed experienced at least one form of anti-LGBTQ discrimination at school in the past year.

The effects of bullying can be devastating, and often feelings of shame and fear of reprisals prevent students from coming forward to report incidents. LGBTQ+ students who experienced high levels of victimization and discrimination had lower GPAs, lower self-esteem, and higher levels of depression, according to GLSEN. Social media extends the geographic range of cyber-bullying into the home.

Jack Hill, founder of the national White Responsibility Teach-In and head of the Cambridge Friends Middle School, is one who has called for a higher level of response to this bullying crisis, saying “As we look towards Pride, we must also look toward the Protest necessary to bring about justice for the LGBTQ+ community.”

Massachusetts’s 2010 anti-bullying law and its subsequent 2014 amendment set out standards and procedures with regard to reporting bullying incidents, and the Boston Public Schools set up a hotline in 2016 to report and deal with harassment cases. I’m still learning about this, and would love to hear your stories and statistics as I formulate the most practical and effective response to the troubling fact that from 2017–2018, “Boston public schools filed the most number of bullying reports than any other district in the state—178 reports.”+

I would like to see LGBTQ+-inclusive school curricula, with coherent anti-bullying policies that include explicit protections against bullying based on gender/identity expression and/or sexual orientation. I would like to see schools welcoming student-led activism in support of LGBTQ+ rights, as we know that this promotes acceptance and inclusion.

There are other vulnerable young people in our school system facing homelessness, socio-economic hardships, and other challenges, and our schools need adequate funding to provide the support they deserve to all our at-risk students. The recent agreement forged between Boston Public Schools and the Boston Teachers Union calls for an additional 23 mental health professionals in BPS and one full-time school nurse in every school; this agreement is a critical step forward.  

We can work together to face these challenges and create the “joyful learning environment” incoming BPS Superintendent Brenda Cassellius calls for in Boston’s public schools (listen here: I will personally advocate in the area of anti-bullying and protection of LGBTQ rights in our public schools and will promote transparency. In my year of campaigning as a Boston city council candidate in District 8, I’ve attended community events and taken the time to get to know my constituents and their concerns. There is no better time than now, as we celebrate Pride in Boston, to listen to the issues young people are facing and reflect on how we can create a community of inclusion and respect for our youth and allow our progressive values to shine.

*(33%) and cyberbullied (27.1%) than their heterosexual peers (17.1% and 13.3%, respectively).
^nationally because of gender (
+ According to Alexi Cohan’s article in the Boston Herald:

Hélène Vincent outlines her vision and top priorities

Hélène Vincent demonstrated a strong understanding of the issues facing District 8 Tuesday night at a candidate forum hosted by the Ward 4 and Ward 5 Democrats at Berklee College of Music. Hélène coupled her progressive vision with stories she has heard from voters to deliver personal and comprehensive answers to the community’s most pressing questions. By doing so, Hélène put the experiences of those for whom she seeks to represent front and center, where they should be, while highlighting her plans to address affordable housing, transportation, the opioid crisis, and more.

During the forum, Hélène detailed the two policies she would prioritize in her first one hundred days in office. First, she will champion a universal pre-kindergarten program to deliver invaluable early childhood care and tackle our growing opportunity gaps. Second, Hélène will outline a city-wide bicycle path plan to cut our city’s carbon emissions and improve safety for both bikers and drivers. These are two concerns that she has heard repeatedly while crisscrossing the district to meet with voters, and they will form the core of her progressive policy agenda once in office.

“That’s why I’m running for City Council: because it’s the closest you can come to being an elected organizer. We need somebody who will show up in the neighborhoods to listen first, understand what matters, and then bring the information, access, and resources back to the neighborhood so we can actually have some parity in negotiation and make our community one we really want to live in.”

Hélène Vincent is a longtime activist for social and environmental justice, an advocate for disability rights, and a champion of the LGBTQ+ community. She was previously Director of Research and Academic Partnerships at EF Education First. Hélène launched her campaign for City Council after observing how power imbalances marginalize unheard residents, and she has made listening a centerpiece of her run. She is running to make Boston inclusive, accessible, and affordable for all.

Contact: Krista Magnuson

Phone: 617-309-0787