Despite the fact that Arizona has one of the higher savings account usage rates on this list, the state still has more than 45 percent of residents living in liquid asset poverty.
There are nearly 20 percent of consumers who are uninsured, the vast majority of whom are low-income children (17.4 percent).
Even educated adults carry quite a load of debt –– $19,950 for a four-year college degree –– while the average credit debt burden is $12,000 for all adults.
The average take-home pay, $44,626, is hardly enough to match that kind of debt, let alone potentially disastrous emergencies. About a quarter of jobs are considered low-wage.
By Business Insider