HATTIESBURG, MS (WDAM) - This month's meeting of Forrest-Lamar Republican Women featured State Treasurer Lynn Fitch, who spoke before the crowd of nearly 50 people gathered at Movie Star Restaurant in Hattiesburg.
Fitch spoke about two programs available that have long-range savings plans for children's future college education.
"We have worked deliberately with our MACS and our IMPACT programs," Fitch said. "MAX has been the affordable one that we have done differently in the past several years. We now do payroll deposits, so we can take something out of someone's check deposit and put it towards a child, grandchild, niece or nephew. And it's such a win-win situation. You get a tax deduction, most importantly you're investing in a child and that child is seven times more likely to go to college."
The MACS program recently reached $200 million in investment in the program.
Fitch also spoke on the importance of financial education at an early age.
"One of my big initiatives has been financial education," Fitch said. "So I created a public/private partnership called TEAM, or Treasurer's Education About Money. It's three years strong now, we are in 400 schools across the state. There's no cost, so the schools signed up. We have trained over 1200 K-12 teachers."
According to Fitch, 47% of Mississippians don't have a checking account or bank account.