Securing Financial StabilityPlan of Work

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Edmonson County CES

Title:
Securing Financial Stability
MAP:
Securing Financial Stability
Agents Involved:
Julia Wilson
MAJOR PROGRAM 1:
Managing in Tough Times
MAJOR PROGRAM 2:
Securing Financial Stability (general)
Situation:
Edmonson County consistently lags behind other areas of Kentucky in household income indicators, including personal income, population living below the poverty line, unemployment and revolving debt loads. Edmonson County's household median income is $33,550; much lower than the state average of $40,061. The percentage of the population living below the poverty level has increased the last few years to over 20%. Unemployment continues to be an issue because of the lack of industry in the county. In 2012, unemployment in Edmonson County was 9.4%. Eighty percent of workers travel outside Edmonson County to work with almost half (49.2%) traveling between 30-60 minutes to work. With the increased costs of fuel, it is difficult for unskilled workers to justify traveling so far to work for minimum wage jobs.
Long-Term Outcomes:
Number of clientele reporting improved family financial stability and economic well-being will increase.
Intermediate Outcomes:
Adopt short, mid and long term financial planning strategies.
Initial Outcomes:
Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources.
Evaluation:

Long-Term Outcome: Number of clientele reporting improved family financial stability and economic well]being.

Indicator: Number of people who implement at least one financial management strategy.

Method: Pre/Post Evaluation

Timeline: July 2020


Intermediate Outcome: Adopt short, mid and long term financial planning strategies.

Indicator: Number of individuals reporting changes in knowledge, opinions, skill or aspirations related to money management.

Method: Number of people participating, pre/post evaluations, # of people responding

Timeline: July 2018


Initial Outcome: Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources.

Indicator: Number of individuals reporting changes in knowledge, opinions, skill or aspirations related to money management.

Method: Number of people participating, pre/post evaluations, # of people responding

Timeline: After education program

Learning Opportunities:

Audience: Social Media Audience, Head Start Parents, CES Newsletter Recipients, Homemakers

Project or Activity: Managing in Tough Times Newsletter

Content or Curriculum: MITT Newsletter

Inputs: MITT

Date: Monthly


Audience: General Public, Homemaker Area Lesson

Project or Activity: Stretching your Holiday Dollar

Content or Curriculum: Stretching your Holiday Dollar resources

Inputs: Kentucky CES Agents & Assistants, CES publications & resources, Community partners, business owners.

Date: November 2017, 2019



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