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Minnesota Department of Commerce joins community partners as part of America Saves Week

2/23/2016 2:58:11 PM

Promoting automatic savings to help Minnesotans reach their savings goals 

For Immediate Release: (Faribault, MN) – As part of America Saves Week 2016, scheduled for February 22 – 27, the Minnesota Department of Commerce is spreading the saving message and urging Minnesotans to make savings automatic. 

“Savings can mean the difference between thriving and surviving for all Minnesotans from kindergarten to retirement,” said Commerce Commissioner Mike Rothman. “America Saves Week is a great opportunity to help Minnesotans to start saving by setting a goal, making a plan, and saving automatically.” 

To illustrate the importance of saving through every life stage, Rothman joined the University of Minnesota Extension, Center for Family Development, and Reliance Bank in two educational activities in Faribault earlier today.

The first event took place at an Adult Basic Education class and included a discussion on saving with 30 adult learners  that focused on savings, and the difference between wants and needs. 

Afterward, Rothman read the book “Alexander Who Used to Be Rich Last Sunday” to a group of 1st graders at Roosevelt Elementary School. Extension educators and representatives from Reliance Bank led the students in an activity teaching the concept of “Share, Save, Spend.”

Minnesota Saves Week, the state partner of America Saves Week, is dedicated to helping individuals save money, reduce debt, and build wealth. America Saves Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.

Rothman has made financial education and empowerment a top priority of his work as Commerce Commissioner. His agency also takes the lead in coordinating activities in Minnesota for Financial Capability Month in April. 

Commerce is here to help. 

For questions about the financial industries that Commerce regulates, including insurance, financial institutions, and securities, Minnesotans can contact the Consumer Services Center at 651-539-1600 or (800) 657-3602, or by email at consumer.protection@state.mn.us

Media Contact:

Ross Corson
Director of Communications
Minnesota Department of Commerce
P: 651-539-1463 | C: 651-368-5050 | ross.corson@state.mn.us

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