West Virginia Public News Service – Two new reports shed light on economic challenges facing many of West Virginia’s families. Read
The first report, from the Corporation for Enterprise Development, says half of the state’s residents don’t have enough savings to keep afloat for three months in case of a job loss or other emergency.
Stuart Frazier, policy analyst with the West Virginia Center on Budget and Policy, says that’s in part because the state has an unusually high proportion of working poor – families depending on low-wage jobs.
“It’s hard for them to even build up their financial security,” he says. “And it’s no surprise that there’d be so many people that don’t have enough savings to sort of sustain themselves in case something were to happen.”
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