10 States Where People Are Living On The Edge Of Financial Ruin

[Cigar]

A sobering new report by the Corporation for Enterprise Development (CFED) shows nearly half of U.S. households (132.1 million
people) wouldn't last three months if they ran into bumps in the road like unemployment, natural disasters, or a medical emergency.

In fact, more than 30 percent don't have a savings account at all, and another 8 percent don't even bank, period.


10. Louisiana
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Louisiana arguably has no shortage of consumers who are aware of the damage that unexpected disasters like hurricanes can cause. Yet the state ranks No. 10 for residents' ability to reach financial stability.

***SNIP

9. Arizona
http://static5.businessinsider.com/image/4fd8a7b2eab8eabe40000004-400-300/9-arizona.jpg
Despite the fact that Arizona has one of the higher savings account usage rates on this list, the state still has more than 45 percent of residents living in liquid asset poverty.

***SNIP

8. New Mexico
http://static3.businessinsider.com/image/50211e06eab8eab232000017-400-300/8-new-mexico.jpg
In New Mexico, more than two-thirds of households have a savings account, but about half are still considered liquid asset poor.

http://www.businessinsider.com/10-most-financially-unstable-states-2013-2?op=1#ixzz2K1WmrZww

Big Surprise ...

[Mainecoons]

No surprise at all. Since Obama took office and started gutting the private economy, food stamp usage, poverty, unemployment/underemployment/giving up looking for work have all gone way up. Since Obama took office, 8.5 million people have given up looking for work and millions more have lost full time jobs and had to subsist on part time work.

Last month, for example, more people gave up looking for work than actually found any kind of work, a great deal of which was part time work, which you conveniently ignore since you've got your equal opportunity contract handout racket courtesy of the taxpayers and printed money working quite nicely these days. As you constantly remind us.

The surprise is that there are still stupid people running around who can't grasp cause and effect.

Cause: A government growing like a cancer, saddling employers and entrepreneurs with taxes and regulations at every turn and demonizing them while doing so.

Result: What you are posting that you don't have a clue about.

[Taxcutter]

Under Hussein Obama, only DC is doing well.