Study: Half of Texas Households Financially Insecure

Half of Texas households are one crisis away from poverty, according to a new report that ranks the state 37th in residents' overall financial security.

The report released Thursday by the Corporation for Enterprise Development, a Washington, D.C.-based nonprofit that seeks to create economic opportunity, defines “liquid-asset poor” as lacking enough savings to pay for three months of basic expenses in case of a crisis such as a job loss.

In Texas, 49.8 percent of households are liquid-asset poor, compared to 43.5 percent in the nation as a whole, the study says. Texas ranks 30 ...

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