(WY News Service) -- A new report says that Wyomingites aren't prepared to withstand the financial burden if they lose their jobs.
The nonprofit group Corporation for Enterprise Development reports that the average Wyoming resident makes about $7,000 less per year than the average American and also carries an average credit card debt of $7,600.
That's Don Baylor with the Center for Public Policy Priorities. In the report Wyoming did rank well in early childhood education programs. However, they ranked poorly in higher education, a number brought down by low college graduation rates.
It said 51 percent in Wyoming have sub-prime credit, recommending state tax credit for working families and more state support for savings-match programs for those low-income families. The report is titled the “Assets & Opportunities Scorecard”, it looks at how well residents can achieve financial security and gives states recommendations that could make it easier for people to save and pull them selves out of debt.
