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Study Finds 44% of Hoosiers Are Liquid Asset Poor

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Indiana is in the middle of the pack when it comes to the overall financial well-being of its residents, according to a recent state-by-state analysis. The 2014 Assets & Opportunity Scorecard ranked Indiana 31 in the nation for financial security, and also found more than 44 percent of Hoosiers are liquid asset poor, meaning they have little or no savings to cover emergencies. Professor of economics at Indiana University Southeast, Eric Schansberg, says Indiana is one of several states that impose income taxes on the working poor, and that’s hurting those who struggle to make ends meet.
The scorecard ranked Indiana 17 for policies that help struggling families. Across the nation in general, the report found a continuing decline in economic mobility and widening wealth and income inequality.
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