AUSTIN (January 30, 2013)--The Corporation for Enterprise Development said Wednesday it has found that more than half of Texans have no savings to fall back on in case of an emergency.
If these people were to lose their jobs or suffer a catastrophic illness or injury, they would have no way to support themselves.
The non-profit group said Wednesday that about half of Texans live below the poverty level, earning roughly $23,000 a year for a family of four, but a third of middle class Texans also have no savings.
The organization advocates for policies that help low- and middle-income people build up a personal safety net.
The annual report ranks Texans 39th in the nation in terms of financial security.
About 13 percent of Texans do not have a bank account, the study found.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.