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Community Investments Vol 26, Issue 2
Liquid asset poverty measures the amount of liquid savings (including cash and financial assets that can be sold quickly) that households have on hand in order to cover three months of basic living expenses. Almost half (44%) of households nationwide are in this situation, with the strongest concentration of liquid asset poor in Nevada and Alabama. In some states, households of color have far higher rates of liquid asset poverty than white households; Maryland and Illinois show the greatest disparity in household liquid asset poverty by race and ethnicity.
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