A record 1.8 million Ohioans saw their household incomes decrease by 25 percent or more in 2010, according to a new report...What’s worse, nearly half of Ohioans lack any financial cushion when unexpected difficulties arise:
In Ohio, about 27.3 percent of households have little to no financial cushion to protect against unemployment or other financial emergencies, according to the Corporation for Enterprise Development. This was up from 22.6 percent in 2009.
When homes and cars are excluded as assets — which is sensible because they are not easily converted into cash — about 43.6 percent of Ohio households lack a financial safety net, the group said.Little more need be said to explain just how badly Strickland failed Ohioans during his tenure as Governor. From irresponsible budgeting to the loss of hundreds of thousands of jobs, failed government programs to destroying Ohioans’ financial security, there’s almost nothing in the Buckeye State that Strickland didn’t negatively affect.
You know, other than editorial board material.
Cross-posted at GOHP Blog.