Feed The Pig™ podcasts offer money saving tips for young Americans

Feed the Pig, the award-winning national public service campaign of the AICPA and state CPA societies in partnership with the Ad Council, offers a free podcast series to help 25–34 year olds take control of their finances.

In each episode, a young CPA provides basic tips to help a career builder struggling with a financial issue. To listen to the podcasts, visit http://www.feedthepig.podomatic.com/.

Current podcasts:

Financial illiteracy is a national crisis. Americans spend $1.22 for every $1.00 they earn, according to the U.S. Commerce Department. The statistics for young Americans are just as staggering. An AICPA-commissioned study found:

• The median net worth of Americans 25-34 years of age is significantly lower than it was 20 years ago, despite increases in income.  In 1985, it was $6,788; in 2004, it was $3,746.
  
  
• There is an increased willingness among Americans in this age group to acquire unsecured debt:  The average level of debt in 1985 was $3,118, whereas in 2004, it climbed to $4,733.
  
  
• On average, net worth for 25-34 year olds was 99% of income in 1985; by 2004 it was 92%.

Feed the Pig offers free financial information to help 25-34 year olds work toward long-term financial security. To find free resources to make positive changes in your financial future, visit http://www.feedthepig.org/.

For more information about The Ohio Society of CPAs’ efforts to promote Feed the Pig in Ohio, contact Karen West at kwest@ohio-cpa.com.

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