Nearly 1/3 of Utah Households "Financially Insecure"

Published on January 31, 2014 at 12:13PM

Nearly one in three Utah households are living paycheck to paycheck, with little or no financial safety net. That’s according to the Corporation for Enterprise Development’s annual “Assets and Opportunity Scorecard.” The scorecard shows that 32 percent of households don’t have enough savings to cover basic expenses for even three months in the event of job loss or health crisis. Martha Wunderli with the AAA Fair Credit Foundation in Utah says despite the state’s unemployment rate being well below five-percent, it seems more people are struggling. The scorecard is a national report that examines assets and income, business and jobs, housing and home-ownership, healthcare and education.