Treasurer McRae Tops $100M in Gains for Mississippi

Brittany CominsNewsroom

David McRae today announced the state has topped $100 million in interest earnings and portfolio asset gains since he took the helm as Mississippi Treasurer. More specifically, since McRae took office, interest earnings for the general fund and special funds grew $60 million, while assets in the MPACT portfolio grew by $40 million. “Despite the fact that interest rates have … Read More

Talking about Money with Kids

Brittany CominsNewsroom

Throughout April, as part of Financial Education Month, I have been writing about ways families can improve their financial literacy and savings skills. What we haven’t talked about yet is how to discuss all this with our kids. Nearly 7 in 10 parents report that they are reluctant to talk about money with their children. And as a dad, I … Read More

Column: Saving for College

Brittany CominsNewsroom

I have two interesting facts to begin today’s article with. First, the oldest millennials are turning 40. Second, about two-thirds of them are still paying off their student loans. Let those numbers sink in for a minute. The student loan crisis is real, and it’s only growing. Between 2007 and 2017, the average student loan debt increased 58.5 percent. Unfortunately, … Read More

Column: The Debt Dilemma

Brittany CominsNewsroom

Debt is a tricky conversation. In the form of a mortgage, debt enables more people to work toward owning their own home. In the form of a small business loan, it gives job creators the opportunity to expand. But debt as the result of a high-interest credit card or a $30,000+ student loan can mean years of financial instability. Today, … Read More

Column: Security in Savings

Brittany CominsNewsroom

More than half of Mississippians, about 56 percent, have fewer than $1,000 in savings. What’s more, about 38 percent have no savings at all. So, what happens when the tires wear out on your car, a child gets hurt, or there’s something on your home that needs repairing? It can be a scary situation, which is probably why about 53 … Read More

Column: A New Day Dawning

Brittany CominsNewsroom

Earlier this month, Mississippi administered its 1 millionth COVID-19 vaccine. It’s a major milestone that has been accompanied by an incremental return to normal. Restaurants are busier. Kids are back in school. Gatherings are getting larger. And many families are able to breathe a sigh of relief just before the Easter holiday. A new day is dawning. I took the … Read More

Column: ABLE to Save

Brittany CominsNewsroom

ABLE to Save by Treasurer David McRae More than one in three Mississippi adults live with some kind of disability, well above the national average of 25 percent. For many of these families, the disabilities come with added expenses, such as higher health care, housing, and transportation costs. In fact, Mississippians spend $4.5 billion annually on disability-related health care expenses alone, … Read More

Treasurer McRae Awards $6,000 in Scholarships

Brittany CominsNewsroom

State Treasurer David McRae today announced the winners of the College Savings MS Shootout, which was held at this year’s high school basketball championship games. In total, the State Treasury awarded $6,000 worth of scholarships during the weekend. “For many Mississippians, sports can be the motivation and the means through which they achieve their college dreams. But sports scholarships can … Read More

Treasurer Appoints Four to State Guaranty Board

Brittany CominsNewsroom

State Treasurer David McRae today appointed Max Yates of Ridgeland, Mayor Sally Garland of Crystal Springs, Harrison County Supervisor Connie Rockco of Biloxi, and Art Stevens of Jackson to the Mississippi Public Funds Guaranty Board. “The most fundamental responsibility of the State Treasury is to protect public funds,” said Treasurer McRae. “Members of the Guaranty Board play a critical role … Read More

Treasurer David McRae Launches 2021 Art Contest

Brittany CominsNewsroom

State Treasurer David McRae has launched the 2021 College Savings Mississippi Art Contest. All K-12 students are eligible to enter. Contest winners will receive a scholarship worth up to $500 in the form of a Mississippi Affordable College Savings (MACS) account. “Art is about seeing the ordinary from a new perspective,” said Treasurer McRae. “That skill set is the same … Read More