Study shows Arkansans struggle to make ends meet

Study shows Arkansans struggle to make ends meet

LITTLE ROCK, AR (KAIT) - New studies show many Arkansans are struggling to make ends meet, more than the rest of the nation.

According to a report by Talk Business & Politics, those results were shown in the National Financial Capability Study, which was released July 12.

The NFCS used four main components to reach their findings: making ends meet, planning ahead, managing financial products, and financial knowledge and decision-making.

Nearly one out of three Arkansans struggle with unpaid medical bills, experiencing overdrawn checking accounts or needing to resort to non-bank borrowing.

Arkansans also struggle with managing their finances, yet were above average in planning ahead for retirement and their level of financial knowledge.

For more information on the results of the study, click here.

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