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Top 10 States Where People Save the Least

More than one in four American households do not to have enough to survive three months if they lost their regular income.According to the latest data released by the Corporation for Enterprise Development (CFED), fewer than 70% of households have an actual savings accounts. In Arkansas, just 45.8% of households were keeping savings in a bank in 2011. 24/7 Wall St. reviewed the states where the largest percentage of households do not have a savings account.In an interview with 24/7 Wall St., CFED Senior Program Manager Kasey Wiedrich said that low-income families are much less likely to have a savings account, and the primary reason is that they believe they cannot afford it. "For a lot of people, the main reason they don't have a bank account is that they don't think they have enough money. They don't feel like it's any use to them."Indeed, a review of the data shows that people in low-income areas save much less. These states have a very high proportion of low-income jobs. Of the 10 ...

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