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The 2013 Assets & Opportunity Scorecard - by the Corporation for Enterprise Development defines these residents as "liquid asset poor." That means- they don't have enough in the savings account to cover basic expenses for 3 months if they lose their stable income.
A family of four would need nearly 6-thousand dollars in savings to meet basic needs for three months - and a growing number of middle class households in our own state fall short of that amount.
