State Treasurer David McRae today released a new poll regarding college savings in Mississippi. The survey found that while most parents (69%) want to help pay for their child’s college, the majority (58%) have yet to begin saving. “Today, most Mississippians graduate college $30,000 in debt,” said Treasurer McRae. “Understanding this, it’s no wonder why many parents are trying to … Read More
McRae Joins State Treasurers in Condemning Russia
State Treasurer David McRae today joined the National Association of State Treasurers (NAST) in condemning Russia’s invasion of Ukraine, saying: “The National Association of State Treasurers condemns Russia’s invasion of Ukraine, a sovereign democratic country. The Russian invasion is a threat to the people of Ukraine, to democratic freedoms, and to global and national economic stability that cannot be tolerated. … Read More
Shoot and Score a Scholarship
For many Mississippians, sports can be the motivation and the means through which they achieve their college dreams. But sports scholarships can be hard to come by, and most families can’t afford to rely on such good fortune. College Savings Mississippi, however, empowers you to plan ahead, and we’re using this weekend’s state basketball championship games to assist families in … Read More
McRae: ABLE to Save
Today, more than 50 million Americans – including thousands in Mississippi – live with a disability. In addition to the varied challenges that come by having a disability, financial stability remains an issue for far too many. According to the National Disability Institute, about one in four working-age people with disabilities live in poverty compared to one in 10 of … Read More
Treasurer McRae Named to NASACT Executive Committee
State Treasurer David McRae was named as the newest Executive Committee member of the National Association of State Auditors, Comptrollers, and Treasurers (NASACT). The committee governs the associations overall operations. “I am proud to show that Mississippi can lead on the national level,” said McRae upon his appointment. “Over the last two years, we have implemented innovative strategies when it … Read More
McRae: Tax Season is Here
It surprises many to learn that even as the State Treasurer, I don’t have much to do with tax season. Instead, that responsibility falls on the U.S. (not Mississippi) Treasury and the Mississippi Department of Revenue. Nonetheless, I want to be helpful to those who have pressing tax-related questions, so today let me run through a few tips to make … Read More
McRae: A Lot to Celebrate on Unclaimed Property Day
Each February, we celebrate National Unclaimed Property Day and this year, we had a lot to celebrate. Since I took office in 2020, your State Treasury has returned $45 million and set two consecutive annual records for unclaimed property returns. My goal for 2022 is to set a third record. This money has been a meaningful stimulus to Mississippi during … Read More
McRae: Americans don’t need an unchecked activist on the Federal Reserve
The last time inflation was this high, Olivia Newton-John’s “Physical” topped the Billboard Music Chart, M*A*S*H was a hit show, and I was a mere toddler. It took strong leadership – that of President Ronald Reagan – to correct the economy then, and it will take strong leadership to correct it today. But I am concerned those in power now … Read More
McRae: Answering Your Questions
Recently, I joined thousands of Mississippians on a live phone call about our work at your State Treasury. It was incredibly helpful for me to hear what questions Mississippians had; I gained more than one idea as to how we can serve you and your family even better from this conversation. As I reflect back, I wanted to take a … Read More
McRae: Are You Ready for Retirement? Most workers are not.
About one in four American workers have less than $10,000 stowed away for retirement, according to the 2020 Retirement Confidence Survey. Given that the average American spends about 20 years in retirement, that’s a concerning statistic. Machen Wealth explains that a lack of savings forces many Americans to work until they are completely unable to, drowns many in debt, and … Read More