Most Hoosiers Unable To Save For Emergency

By Scott Sarvay

December 9, 2010 Updated Dec 9, 2010 at 6:19 PM EST

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.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet

© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.