Ohio Saves

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Date

2014-05-01

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Ohio State University. Office of Outreach and Engagement

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Abstract

Ohio ranks in the bottom fifth of all 50 states when consumers are tested for financial literacy and positive financial behavior (Banerjee, 2011). Ohio Saves is Extension's newest tool to address this need and assist Ohioans in taking control of their finances. In this endeavor, Ohio joins states across the nation under America Saves to sustain positive behavior change and improve consumer financial habits.

Description

IMPACT. 1: Ohio Saves is a tool available to professionals that provides ongoing support and motivation for consumers to continue progressing toward financial goals. -- 2. In only nine months, Ohio Savers have saved over $54,500. The top three savings goals are an Emergency Fund (31% of savers), Special Event (12%), and Debt Repayment (12%). -- 3. Ohio Saves Week provides opportunity each year for public and private organizations to partner and positively impact the ability of Ohioans to take control of their finances and personal goals.
OSU PARTNERS: College of Education and Human Ecology; College of Food, Agriculture, and Environmental Sciences; OSU Extension
COMMUNITY PARTNERS: Financial Institutions across; Ohio, including Fifth Third Bank and others.
PRIMARY CONTACT: Betsy DeMatteo (dematteo.15@osu.edu)

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Citation

Engaged Scholars, v. 2 (2014).