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Thu February 6, 2014
Half of Texas households one crisis from poverty
50% of households in Texas are "liquid-asset poor," or lack the savings to pay for three months of basic expenses, according to a report released last week by a non-profit that seeks to alleviate poverty.
By comparison, Kansas fares best on the High Plains, ranking 9th in the nation on the same metric, with 35% of households experiencing the same level of liquid-asset poverty. This compares to 49% of households in Oklahoma, ranking just ahead of Texas at 29th, and Colorado, with 39% of households, ranking 17th.
A majority of Texans living below the federal poverty line are financially insecure, reports the Texas Tribune.
Find the conclusions from this report for your state here.