Ohio Receives “C” for Financial Stability
September 21, 2009
The 2009-2010 Assets & Opportunity Scorecard, released today by Policy Matters Ohio and the Corporation for Enterprise Development (CFED), raises concerns about the financial security of Ohio families. The United States as a whole does a poor job compared of relieving poverty, reducing debt, and ensuring health insurance and retirement. The state earned an overall grade “C”, in the middle among states, for its policies and outcomes to support financial security. Policy Matters Ohio suggests targeted policy changes that could improve Ohio’s rankings and improve well-being in the future, including the adoption of a refundable earned income tax credit; the provision of universal, high-quality early childhood care and education; and, the enforcement of payday lending laws passed by the legislature and affirmed by the voters, but currently being circumvented.