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Financial Wellness Tips for Older Ohioans
By: Viktoria Jurkovic& Dan Orzano, Ohio Commerce Department - 01/18/2022

Did you make any New Year's resolutions that involve improving your financial health? January is Financial Wellness Month and the perfect time to take inventory of your savings and investments to ensure you are fiscally fit for 2022.

It's no surprise that COVID-19 caused consumers of all ages to think differently about their finances. According to one consumer sentiment tracker, 59% plan to make permanent changes to the way they spend and save. If you are working only part time, or are retired and on a fixed income, it's important to know if you have enough money in emergency savings, for retirement income, and to not forget about the effect inflation has on finances.

Fortunately, the Department of Commerce is uniquely suited to give guidance in this area based on the industries we work with and regulate. We can help you reach some of your financial goals in 2022 with the tips from our divisions of Financial Institutions and Securities. Go through these tips at https://bit.ly/3GDZill.


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