Ohio Treasurer Robert Sprague announced a partnership with The Ohio State University College of Food, Agricultural, and Environmental Sciences (CFAES) to advance and expand the use of the college’s Real Money. Real World. financial literacy program statewide. The announcement coincides with the annual America Saves Week, which aims to raise awareness about financial literacy education while helping individuals to achieve financial stability.
“Securing a sound and prosperous financial future for our state starts with our young people, and that means preparing them for the challenges that come later in life,” said Treasurer Sprague. “I’ve seen the benefits of the Real Money. Real World. curriculum first-hand, and the Treasurer’s office looks forward to working with Ohio State University Extension to reach more students and give them the personal finance skills needed to be successful.”
SALT LAKE CITY Individuals are saving more during the global pandemic than they were before the coronavirus outbreak, Zions Bank says in a new report.
The news comes even as another survey shows more than a third of working Americans say their financial situation is worse than a year ago.
Despite massive job losses and major economic impacts nationwide, the personal savings rate the percentage of people s income remaining after taxes and spending registered at nearly double pre-pandemic savings levels, the Salt Lake City-based bank said. We have clients that are just spending less money and that s natural, according to Lydia Levin, Zions senior vice president and manager of client experience and digital banking strategies. They re traveling less, they re eating out less, they re going out less and instead they are saving their funds.
Locally, Utahns are socking away record amounts, signaling a statewide savings boon. Zions Bank saw deposits across its Utah and Idaho footprint grow by $4.87 billion in 2020, a 30% increase from 2019.
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