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File #: 070156    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 3/1/2007 In control: CITY COUNCIL
On agenda: Final action: 3/1/2007
Title: Recognizing the week of February 25th through March 8th as Philadelphia Saves Week.
Sponsors: Councilmember Blackwell, Councilmember Greenlee, Councilmember Goode, Councilmember Tasco, Councilmember Kenney, Councilmember Rizzo, Councilmember Ramos, Councilmember Clarke, Councilmember Miller, Councilmember Campbell, Councilmember Krajewski, Councilmember Savage, Councilmember Kelly, Councilmember O'Neill, Council President Verna, Councilmember DiCicco, Councilmember Reynolds Brown
Attachments: 1. Resolution No. 07015600.pdf
Title
Recognizing the week of February 25th through March 8th as Philadelphia Saves Week.
Body
WHEREAS, America Saves Week is a new effort aimed at reaching more institutions and individuals to increase awareness that people need to save money, reduce debt and build wealth; and
 
WHEREAS, Philadelphia is one of five major cities chosen to participate in the America Saves program; and
 
WHEREAS, One of Philadelphia's most famous residents, Benjamin Franklin, coined the phrase, “A penny saved is a penny earned” and historical institutions such as Philadelphia Saving Fund Society ingrained the phrase as part of this City's history of saving; and
 
WHEREAS, The Philly Saves Campaign includes special segments to directly address the goals for African-American, Hispanic, Female and Interfaith populations; and
 
WHEREAS, Saving critically affects lifetime levels of living and well-being, including creating generational wealth; and
 
WHEREAS, Saving also helps households meet financial emergencies, large unexpected income losses or expenses, well before retirement; and
 
WHEREAS, Through information, advice, and encouragement, citizens of Philadelphia who wish to pay down debt, build an emergency fund, save for a home or retirement will have the resources to do so; and
 
WHEREAS, Gearing non-profit, corporate and government groups to help the citizens of Philadelphia save and build wealth will have a positive impact on the City; and
 
WHEREAS, Wealth and asset building could lead to less violence in the City by increasing options for the citizens of Philadelphia; and
 
WHEREAS, The city as a whole placing greater importance on saving is an important goal to work towards; now therefore
 
RESOLVED, THAT THE COUNCIL OF THE CITY OF PHILADELPHIA, Recognizes the week of February 25th through March 8th as Philadelphia Saves Week.
End