UVA says 25% of Virginia Households don’t have enough to meet basic expenses.
University of Virginia researchers say Virginia families are economically at risk, with 25% not having enough to meet basic expenses.
Researchers at the Weldon Cooper Center used census figures and Federal Reserve surveys of consumer finances and discovered two major problems facing families.
Tibbet: When we get a better picture about what it actually costs to get by in Virginia, we see that 25% of households don't have enough to meet the basic expenses.
Rebecca Tibbet, at the Weldon Cooper Center.
Tibbet: Even more disconcerting is that about 28% of households don't have enough saved to take care of themselves in the face of a financial emergency.
She says, as is true across the country, Virginia families are facing significant threats to economic security, and many don’t have the cash reserves to see them through hard times.
Charles Fishburne, WCVE News