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Most poor people with some kind of earnings are not able to address emergency situations because even if they have some form of savings, most of their money is kept in illiquid form, a new survey has indicated.
The Financial Diaries survey August 2014 highlighting the financial lives of the poor shows a great tradeoff between the two financial management challenges facing the poor, that of ensuring short-term liquidity and making long-term investments in the future.
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