Bill would help Mississippi welfare recipients create savings accounts

A bill pending in the state Senate would provide a $2-to-$1 match for Mississippi welfare recipients to help them create savings accounts.“Of the 100 most un-banked communities in the country, 17 are in Mississippi,” said Sen. John Horhn, D-Jackson, co-author of Senate Bill 2634 along with Sen. Chris Caughman, R-Mendenhall. Horhn said the program, similar to ones being run by a majority of other states, would be funded up to about $1 million with federal Temporary Assistance for Needy Families money, with the goal of helping people get off welfare.
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