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Thursday, April 04, 2013

1 In 3 Marylanders Have Almost No Savings For Emergencies

Maryland is known as one of the wealthiest states, however according to a recent study, most Marylanders won’t have the money to help themselves out of a financial emergency.

More than one in three Marylanders are living on the edge of financial disaster with almost no savings to fall back on in the event of a job loss, health crisis or other emergency, according to an annual report released by the Corporation for Enterprise Development (CFED).

The Assets & Opportunity Scorecard reveals insight into Americans’ ability to save and build wealth, fend off poverty and create a more prosperous future. The report also offers findings on how Americans in all 50 states are doing financially, and highlights policies that are helping Americans build in financial assets, income, businesses, jobs, housing, homeownership, health care and education.

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7 comments:

Anonymous said...

1 in 3 is pretty good. When Owemalley hears this, he'll come looking for more money!

Anonymous said...

Should have kept quiet,now liberals in Annapolis will find more new taxes for us.We're all broke out here,lets keep it that way.

Anonymous said...

I'm not in the 1 of 3 category....I have NO savings thanks to gas prices and all that the price of gas affects.

Thank you democrats and liberals

Anonymous said...

I'm glad my comment/question can be anonymous.If someone could tell me how emergency funds compare to a large monthly retirement with no actual emergency savings I would appreciate it.I get a large amount with a combined retirement&SS,but I have'nt saved squat.

mdsenior said...

What kind of bills is he holding? I don't remember seeing them before.

Anonymous said...

12:02 Get rid of the truck.

Anonymous said...

NO duh, its called tax what moves and subsidize what doesn't....