Maintaining Over $100 in Savings Linked to Increased Likelihood of Financial Stability in Lower Income Households

FINRA

This PRESS RELEASE was originally published on THIS SITE

WASHINGTON, D.C. — As many Americans head into the holidays unemployed and behind in rent and utility bills, a new report from the FINRA Investor Education Foundation and SaverLife found that people who maintained more than $100 in savings were much less likely to have their utilities shut off or resort to high-cost borrowing methods. Those who had more than $250 in savings experienced reduced likelihood of losing their housing for financial reasons.

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