Vermonters’ Savings Rate Tops Nation

NPR reports on a study by the Corporation For Enterprise Development that indicates 44 percent of Americans live on the financial edge, without enough money in savings to stay out of poverty if they were without work for more than three months.

A state-by-state breakdown shows Vermonters are actually doing better than anyone else in terms of the “overall in the ability of residents to achieve financial security.”

The study weighed 53 measures in five ‘issue areas’. Vermont scored an “A” in four of the areas.

There’s a sobering note to all this because even with its high ranking the report says 25 percent of Vermont residents have little no savings to tide them over in emergencies.