The Halloween candy is nearly gone in our house, which can only mean the holiday season is nearly upon us. Many families have already begun planning their Thanksgiving menus while others are strategizing about their Black Friday shopping routes. Whatever your tradition, 2021’s holiday season is expected to be the most expensive in history, due to unprecedented inflation. By some … Read More
McRae: Scholarships and Savings
November is National Scholarship Month. With graduation within sight for many high school seniors, the search for scholarships that ease tuition’s burden is in full swing for many families. There is no question academic, athletic, and community scholarships put college within reach for many Mississippians, but it shouldn’t be the only financial tool your family looks to when funding a … Read More
McRae: Celebrating Disability Employment Awareness Month
Employment offers individuals dignity, purpose, and the opportunity for upward mobility, but for many disabled Americans, employment comes with its own unique set of challenges. October is Disability Employment Awareness Month, and along with discussing the virtues of employment, my team is fighting to help those with disabilities save more of what they earn. Prior to 2014, Americans with disabilities … Read More
McRae: A No-Strings-Attached Economic Stimulus
Nearly every receipt you get this year is a little higher than it was last year. The cost of groceries is up 3 percent from 2020. Gas prices haven’t been this high since 2014. And a new car now costs, on average, $45,000 – equivalent to the median annual household income in Mississippi. Inflation is eroding America’s Middle Class. The … Read More
McRae Returns $12,000 in Unclaimed Money to Tupelo
Mississippi Treasurer David McRae returned more than $12,000 of unclaimed money to the City of Tupelo. “Returning unclaimed money is an incredible economic stimulus because it doesn’t rely on the generosity of taxpayers to fund,” said McRae. “It’s not just communities that can have unclaimed money sitting with the state. Small businesses, churches, and individuals can also be the rightful … Read More
Mississippi Treasury Offers Chance to Win $500 Scholarship at the State Fair
Mississippi Treasurer David McRae today announced the State Treasury will be offering one lucky State Fair-goer a $500 Mississippi Affordable College Savings (MACS) scholarship just for stopping by the College Savings Mississippi booth in the TradeMart Building. “We want to make the State Fair a time for food, fun, and scholarship funds,” said McRae. “We know that students with money … Read More
McRae: Meet Us at the Fair
The Mississippi State Fair is a tradition for many families, and it’s become a tradition for your State Treasury as well. We’ll be back in the TradeMart building this year with new opportunities for Fair-goers to earn cash while enjoying the festivities. More specifically, our College Savings Mississippi team is trying to make the State Fair a time for food, … Read More
McRae: Put Our Fiscal House in Order
It likely goes without saying, but our nation’s fiscal house is a mess. Over the last few weeks, we have lurched from one financial crisis to the next. A budget needed to be written, the government had to be funded or agencies would begin to shut down, and a decision had to be made as to whether America would be … Read More
Q&A with Treasurer David McRae | MPACT: Is it right for my family?
Earlier this month, your State Treasury re-opened enrollment for the Mississippi Prepaid College Tuition program – or MPACT. Because of strong market growth and a new investment strategy, we were able to open without the typical annual rate increase, giving families another year to lock in. But what is this program? How does it work? And how do you know … Read More
McRae to Biden: Plan to Monitor Middle-Class Bank Accounts is Largest Data Mining Exercise in U.S. History
Mississippi Treasurer David McRae joined 22 State Treasurers, Auditors, and financial officers to oppose a Biden administration proposal that empowers the IRS to monitor American bank accounts with more than $600 of deposited funds. If the proposal is enacted, the private banking activity of more than 100 million Americans could be subject to examination by the IRS. “We do not believe … Read More