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Study: N.C. residents not saving enough

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RALEIGH, N.C. –Half the residents of North Carolina, about 4.8 million residents, do not have enough savings to endure a long-term financial emergency, according to a study by a national research group.

North Carolina received a failing grade in two of the five economic categories–businesses and jobs and health care, the Winston-Salem Journal reports.

The state received an overall grade of “D” according to the 2013 Assets & Opportunity scorecard by Corporation for Enterprise Development.

Other categories in the study include financial assets/income, housing/homeownership and education.

North Carolina ranked 45th overall.

Read more at The Winston-Salem Journal