Zhuang highlights Intro 1083 on financial literacy advisors
Zhuang describes Intro 1083, sponsored by Councilmember Hudson, which would require a financial literacy advisor in each OAC for at least 20 hours a month. Advisors would provide information on financial literacy, end-of-life preparation, taxes, and avoiding scams. She thanks Hudson for her leadership.
Before I pass the mic to my co-chair, I also want to highlight the bill we are hearing today, Intro 1083, sponsored by Councilmember Hudson, could require
Commissioner of Agent to designate at least one financial literacy advisor to serve in each OAC for at least 20 hours a month.
This advisor would provide older adults general information about financial literacy,
end-of-life preparation, tax preparation, and how to avoid and handle legal issues and a scam which commonly affect older adults.
This is often overlooked issue, and I want to thank my colleague, Councilmember Hudson, for her leadership on this issue.
I also want to thank the