The bill aims to enhance financial stability for seniors by mandating the office of the state treasurer to develop and periodically review a model curriculum focused on financial literacy. This initiative will be carried out in consultation with key organizations, including the executive office of elder affairs, the Massachusetts Councils on Aging, and AARP Massachusetts.

To implement this, the bill introduces a new section, Section 79, to Chapter 10 of the current law, which emphasizes the importance of equipping seniors with the necessary knowledge and skills to manage their finances effectively. This proactive approach seeks to address the financial challenges faced by the senior population in Massachusetts.