(Chris Tomlinson/AP – Houston Chronicle)
AUSTIN, Texas – Texans politicians like to tout the state’s economic growth, but more and more Texans are finding themselves teetering on the edge of poverty.
There is little doubt Texas has survived the Great Recession better than other states, but a study by the Corporation for Enterprise Development has found that 27.7 percent of Texas households have no financial cushion in case of an emergency. If you exclude homes and automobiles from the calculation, a full 50 percent of Texans have no assets they could use to survive if they suddenly lost their income.
When compared to the rest of the country, Texas ranks 41st in financial security. That means even if Texans survived the last economic storm, another one would swamp them. The corporation is a national non-partisan, non-profit that works to create and identify programs and policies that can help poor people move up the economic ladder.
(Read more at Houston Chronicle)
OTHER HEADLINES:
- Voters Asked for Cuts — Do They Like the Results? (Texas Tribune)
- Harris County Spending $2 Million to Remove Drought-Stricken Trees (Houston Chronicle)
- Oilman, Wife Help Raise Record $32.3 Million for Kids with Cancer (Houston Chronicle)
- A Behind-the-Scenes Warrior: Amy Peterson-Uribe & the TAPS Foundation (PoliceOne.com)
- How the Sierra Club Took Millions From the Natural Gas Industry—and Why They Stopped (Time Magazine)
OPINIONS OF NOTE:
- Donna Trussell: Komen, Go Back To Your Roots (Washington Post)
- Amy Westervelt: Three Important PR Lessons From This Week’s Komen, Sierra Club Scandals (Forbes)
