Louisiana Residents Less Financially Secure Than They Should Be

If you lost your job tomorrow, could you keep a roof over your head? Even though Louisiana's law and regulations works to make it that way, it's not showing. Louisiana ranks 44th out of 50 when it comes to personal financial safety. 

From Nola.com:

The state ranks 23rd out of 50 when it comes trying to ensure, through public policy, that people have secure fiscal footing.

Louisiana's ranking is likely being dragged down by its relatively poor performance in some of key areas that the Center for Enterprise and Development examined. For example, Louisiana ranks 49th out of all states and the District of Columbia when it comes to income poverty. It ranks 47th when it comes to percentage of households that don't have a bank account.

 

But there is at least ONE area that we score well in:

There are a few areas where Louisiana performs quite well though. Louisiana has the third best outcome of any state when it comes to students graduating from four-year colleges with debt, according to the study.

 

What do you think would help in this situation?