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