No plan B

Asset poverty a big problem in N.O., where many have no cash cusion

(From The Times-Picayune) Some 37 percent of New Orleans households would not be able to survive for more than three months without falling into poverty if their main source of income were disrupted, according to a new study released Tuesday by the Greater New Orleans Foundation and the Ford Foundation. While many examinations of poverty look at a family's income, this study of "asset poverty" looks at how large a financial cushion households have to protect them in times of crisis.

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