Report: Nearly half of W.Va. lacks needed savings - WVVA TV Bluefield Beckley WV News, Weather and Sports

Report: Nearly half of W.Va. lacks needed savings

Posted:
  • More Local NewsMore Local NewsMore>>

  • Oakvale School celebrates new look

    Oakvale School celebrates new look

    OAKVALE (WVVA) - The much-anticipated opening of Oakvale School has finally arrived.On Monday, students, guests and community members gathered to see the grand opening of the newly-built and renovated building.Tuesday was also move-in day for students in kindergarten through fifth grade.The construction has been underway for two years.More >>
    OAKVALE (WVVA) - The much-anticipated opening of Oakvale School has finally arrived.On Monday, students, guests and community members gathered to see the grand opening of the newly-built and renovated building.Tuesday was also move-in day for students in kindergarten through fifth grade.The construction has been underway for two years.More >>
  • Mercer County man pleads guilty to drug distribution

    Mercer County man pleads guilty to drug distribution

    BLUEFIELD (NEWS RELEASE) – United States Attorney Booth Goodwin announced today that Jimmy Dale Wright, 56, of Rock, West Virginia, pled guilty in federal court in Bluefield to distributing hydromorphone, a powerful and addictive prescription pain medication. Wright admitted that in August of 2013, he sold pills to a person who was cooperating with law enforcement authorities. The drug deal took place on Pocosin Fork Road in Lashmeet, Mercer County, West Virginia.Wright faces up to 20 years i...More >>
    BLUEFIELD (NEWS RELEASE) – United States Attorney Booth Goodwin announced today that Jimmy Dale Wright, 56, of Rock, West Virginia, pled guilty in federal court in Bluefield to distributing hydromorphone, a powerful and addictive prescription pain medication. Wright admitted that in August of 2013, he sold pills to a person who was cooperating with law enforcement authorities. The drug deal took place on Pocosin Fork Road in Lashmeet, Mercer County, West Virginia.Wright faces up to 20 years i...More >>
  • UPDATE: Bizarre details revealed in sex abuse case against man who claimed to have 'magic' powers

    UPDATE: Bizarre details revealed in sex abuse case against man who claimed to have 'magic' powers

    Photo by Lindsay OliverPhoto by Lindsay Oliver
    BLUEFIELD (WVVA) - Bluefield Police have arrested a man on multiple counts of sex crimes against children.James Irvin, 56, was taken into custody Monday morning. He is charged with...More >>
    BLUEFIELD (WVVA) - Bluefield Police have arrested a man on multiple counts of sex crimes against children.James Irvin, 56, was taken into custody Monday morning. He is charged with...More >>

CHARLESTON, W.Va. (AP) -- Nearly half of West Virginians have almost no savings to carry them through crises such as the loss of a job or a serious health problem.

That's the conclusion of a new report by the Corporation for Enterprise Development.

It says 47 percent of residents have no financial cushion, including a majority of residents who live below the federal poverty level of $23,050 for a family of four.

It calls people who can't pay basic living expenses for just three months "liquid asset poor."

The report says a family of four needs more than $5,762 in savings to meet basic needs for three months.

The Charleston Gazette says the report ranks West Virginia 23rd among the states and the District of Columbia for overall financial stability.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVVA.
All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Audrey Sluss at (304) 324-0659. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.