The Massachusetts Department of Transitional Assistance (DTA) is mandated to report annually to the Legislature on the development of Economic Independence Accounts (EIAs), which are designed to help families receiving Transitional Aid to Families with Dependent Children (TAFDC) accumulate assets without jeopardizing their eligibility for assistance. The legislation, originally established in 2014, allowed TAFDC clients to save beyond the asset limit of $5,000. However, following the enactment of Chapter 72 of the Acts of 2021, which eliminated asset limits for TAFDC, the necessity for specific asset-building accounts like EIAs has diminished, as families can now retain existing assets while receiving benefits.

In addition to the changes regarding asset limits, DTA continues to support economic mobility through various programs, including educational and training opportunities under the Pathways to Work initiative. This program connects individuals to employment services and financial education, helping them develop skills for meaningful careers. DTA also collaborates with the Office of the Treasurer on the BabySteps savings program to combat multigenerational poverty by providing savings incentives for children. Furthermore, DTA is actively working on initiatives to address cliff effects for families transitioning off public assistance, ensuring that they have the necessary support to achieve long-term economic self-sufficiency.