- Californian’s have little to no savings for emergencies
- Dreary picture of the financial situation of low- and middle-income people in California
- Families with above-average income are one crisis away from financial devastation
- Currently, 45.9% of residents are “liquid asset poor,†up from 44% last year.
Have a read of the Los Angeles times article:
http://www.latimes.com/business/money/la-fi-mo-study-nearly-half-of-people-in-california-are-in-chronic-financial-stress-20140130,0,5504688.story#axzz2rzl613mm
