Government
Paulette Burdick "An equal opportunity |
America Saves Week—Build Wealth Not DebtFor immediate release: Date: January 29, 2008
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| What | Palm Beach County Saves |
| Date: | Feb. 28, 2008 |
| Time: | 6:30 to 8:30 p.m. |
| Where: | Clayton Hutcheson Agricultural Services Center 559 N. Military Trail, West Palm Beach |
Currently, the national savings rate is 0%, something that has not occurred since the Great Depression. A recent study, commissioned by the Consumer Credit Counseling Service, revealed that overall consumer debt has increased by 38% for households at all income levels over the last year. Most Americans do not have adequate savings to meet major emergencies. The typical American household has less than $100,000 in net wealth, including home equity and 401K accumulations, and only about $10,000 in net financial assets.
Feb. 24 to March 02, 2008 is America Saves Week. The Cooperative Extension Service in collaboration with local banks and credit unions will launch “Palm Beach County Saves” on Thursday, Feb. 28, 2008. This free event will promote positive financial actions such as saving, credit/debt management and wise use of financial institutions. It will be from 6:30 to 8:30 p.m. at the Extension office, located at 559 North Military Trail, West Palm Beach.
To register, call (561) 233-1742. For more information on the Extension’s Family and Consumer Sciences programs, visit http://pbcgov.com/coopext/facs.
