Families financially unprepared to weather emergencies

Prosperity Scorecard finds more people living in ‘liquid asset poverty’ Survey of Income and Program Participation, 2013This chart shows the percentages of Liquid Asset Poverty rates, by race and ethnicity. ■ By Mary Ann Morris / Editor While California is typically considered a prosperous state, many families still struggle to get by and don’t have enough savings to weather a three-month financial emergency, according to the 2017 Prosperity Now Scorecard. The report was compiled by Prosperity Now, a Washington, D.C. organization whose goal is to help low-income families and families of color achieve financial security. The report compiled data on five specific areas: financial assets and income, businesses and jobs, homeownership

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