Title
To proclaim February 24 through March 2, 2008 as America Saves Week in the City of Columbus.
Body
WHEREAS, in 2006, Americans as a whole spent 1 percent more than they earned; and
WHEREAS, according to the federal Commerce Department, the nations savings rate is the lowest since the Great Depression; and
WHEREAS, personal and household savings is fundamental to Columbus' stability and vitality; and
WHEREAS, adequate emergency savings, retirement funds, and safe debt-income ratios are critical components of personal financial security; and
WHEREAS, America Saves is a national social marketing campaign to persuade, encourage, and motivate Americans to take financial action in building wealth through saving money and reducing debt; and
WHEREAS, Columbus is a partner in the America Saves campaign and is committed to helping its citizens take immediate financial action to build wealth, not debt; now, therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
That this Council does hereby proclaim February 24 through March 2, 2008 as America Saves Week in the City of Columbus.
BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
That all Columbus citizens are encouraged to join the movement and begin to allocate a certain portion of their household earnings to savings.