Most Hoosiers Unable To Save For Emergency

By Scott Sarvay

December 9, 2010 Updated Dec 9, 2010 at 7:19 PM EDT

INDIANA (Indiana’s NewsCenter) - According to a new study two thirds of Hoosiers surveyed are living paycheck to paycheck and don't have money put back in case of an emergency.

In a nationwide study conducted by the Investor Education Foundation of the Financial Industry Regulatory Authority also found that 28-percent of Indiana residents have borrowed money from payday lenders and other high-interest-rate sources in recent years.

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