Feb. 20-27 is Kentucky Saves Week. The recent economic situation has many people trying to save more money. In 2005, the personal savings rate had fallen to below 1 percent, indicating that many Americans were spending either all or even more than they were earning. The current personal savings rate, nearly 6 percent, shows that more Americans are saving. Savings provides many people with a feeling of financial security — to be able to pay off debt, prepare for retirement or purchase a large ticket item such as a house or car.
Buddhist monk, Tsering Phuntsok, of Bir, India, will speak March 2 at Elizabethtown Community and Technical College. The monk has also been invited to speak to several ECTC classes during his two-day visit to the community.
His talk, entitled “Buddhist Compassion,” will be held at 7 p.m. in Room 212, the auditorium in the Regional Postsecondary Center. It is free and open to the public.
In a down economy Americans are saving more, but their level of savings may not be enough to help them navigate through an unforeseen financial hardship.
America Saves Week and Kentucky Saves Week, the state level campaign, were created to encourage people to find ways to save more, whether that’s building a savings account or emergency fund or paying off credit card debt. This year, the week is Feb. 20-27.
Opal Dail presented the Richard Burks Award to this year’s recipient, Charles Setters. The award is given annually to a person or organization who acts as an ambassador for LaRue County and the Lincoln legacy.