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CINCINNATI — A sign that the economic recovery may take longer than expected came out on Monday as FICO announced that more Americans than ever have credit scores that make them poor risks for lenders, ONN's Lot Tan reported.

"I know a few kids in our company that are struggling now. Everybody's living paycheck to paycheck," said Kevin Kearns.

It's that way of life that may have contributed to the more than 43 million Americans having poor credit scores.

According to FICO, many of scores are lower than 599.

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TL2
Quarterly Newsletter

The Economics Center’s Alpaugh Scholars Leadership Program is designed in collaboration with the Cincinnati USA Regional Chamber of Commerce and modeled after the highly successful Leadership Cincinnati Program. The program is an opportunity for local educators to get introduced to the local economy and current issues that affect schools and education. Since its beginning three years ago, the Alpaugh Leadership Program has attracted over 100 principals, superintendents, teachers and other school administrators from Southwest Ohio school districts.

PD
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The Economics Center is honored to have a respected and talented Board of Trustees.

These community leaders generously give their support and time to promote economics education. We are delighted to welcome six new trustees, prominent leaders and successful business men and women, to our board.

Board of Trustees
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The Stock Market Game (SMG) Ohio

www.smgohio.org

The Economics Center and the University of Cincinnati have launched a statewide portal for the Stock Market Game. Stock Market Game (SMG) Ohio (www.smgohio.org) was created for educators and students interested in financial education, while giving UC a chance to be promoted throughout the state. The
Economics Center partnered with the Cleveland Cavaliers to host the first Investment Challenge in the northeast region. Over 800 students are participating.

Why Money Matters

www.whymoneymatters.org

SMG
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The Economics Center for Education & Research’s Student Enterprise (StEP) is the proud recipient of the 2009 Impact 100 Grant. As one of two recipients, StEP received $103,000 to expand its operations from 19 to 23 low-income urban elementary schools in the Cincinnati area.

StEP creates a simulated market economy in the classroom, teaching students about fiscal responsibility, financial choices, and the value of hard work.

StEP
Quarterly Newsletter

The Center’s Development Office has worked hard to get local and national organizations on board to help the Center carry out its mission to build a vibrant community by inspiring students through economic and financial education. Recently, there have been three major contributions from the Charles H. Dater Foundation, Citigroup Credit Services and US Bank.

Giving
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In 2006, the Economics Center for Education & Research Chief Operations Officer, John Morris, presented testimony to the State of Ohio Senate and House of Representatives Education Subcommittees on the need for more financial education in schools. Shortly thereafter, as a part of Senate Bill 311, Ohio mandated financial literacy in all Ohio high schools as a part of a required course for graduation beginning in 2010-11. While this was great news for Ohio’s students, it was also an “unfunded mandate”.

FEI
Media Coverage

Business Courier of Cincinnati

The 2012 World Choir Games being held in Cincinnati will have a $73.5 million economic impact on the area.

The estimate, from the Economics Center for Education and Research at the University of Cincinnati, projects the direct and indirect spending for the event will generate $1.8 million in new tax revenue.

The 20,000 participants are expected to account for 45,000 hotel room nights and direct spending of $13.4 million, with an economic impact of $26.7 million.