2013 CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Change in Asset Poverty

Reports & Graphics

Definition

Percent change in asset poverty rate, 2002-2010.

Description

This measure expands the notion of poverty to include how much of a financial cushion a household has to weather financial crises such as a job loss, medical emergency or the need to fix a car. Three months’ of living expenses at the poverty level is a conservative cushion for a family that loses its income, and asset poverty includes durable assets, such as a home or business, that would need to be liquidated to cover day-to-day needs. This indicator tracks the change, over time, of household asset poverty.

Data are point estimates produced from a national survey with relatively small samples for some states, which can result in imprecise estimates and ranks. States are not ranked on this measure because estimates are too imprecise to say with confidence how the state compares to other states. For more information on how we measured precision and to download margin of error data for each state, see here.

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Change in Asset Poverty

Asset Poverty Rate (%)
State20022004200620092010
United States  25.2%  22.4%  22.4%  27.1%  26.0% 
Alabama  24.5%  26.1%  20.2%  24.1%  21.2% 
Alaska  23.4%  —  —  21.7% * — 
Arizona  27.5%  27.0%  25.3%  33.9%  30.0% 
Arkansas  25.8%  24.1%  22.4%  25.6%  28.4% 
California  25.8%  24.2%  23.7%  30.9%  29.9% 
Colorado  28.6%  24.9%  21.2%  28.9%  26.3% 
Connecticut  21.7%  19.7%  23.1%  24.9%  23.5% 
Delaware  16.2%  11.1%  17.9%  19.8% * 23.8% *
District of Columbia  39.7%  27.1%  25.0%  41.3%  30.3% 
Florida  25.0%  20.8%  19.0%  27.2%  29.6% 
Georgia  26.8%  25.7%  23.3%  30.8%  29.3% 
Hawaii  26.9%  33.6%  17.0%  18.7% * 14.6% *
Idaho  28.1%  23.1%  18.9%  24.8%  31.9% *
Illinois  22.8%  19.8%  20.8%  26.4%  26.4% 
Indiana  23.9%  18.6%  21.9%  26.2%  22.9% 
Iowa  17.2%  15.5%  18.3%  22.9%  22.8% 
Kansas  21.8%  21.9%  22.1%  22.2%  22.2% 
Kentucky  23.8%  26.0%  23.2%  27.5%  23.7% 
Louisiana  23.6%  24.4%  26.9%  23.6%  26.1% 
Maine  19.3% 1 18.0% 1 22.9%  24.1%  22.9% 
Maryland  23.8%  18.3%  18.1%  20.2%  22.8% 
Massachusetts  20.3%  21.8%  24.0%  26.4%  27.1% 
Michigan  20.8%  17.3%  19.9%  25.9%  25.8% 
Minnesota  15.8%  15.7%  16.1%  22.5%  19.3% 
Mississippi  25.8%  29.6%  23.8%  31.9%  29.5% 
Missouri  22.4%  21.6%  22.2%  24.3%  22.2% 
Montana  31.3%  29.4%  32.5%  26.1%  25.5% *
Nebraska  22.5%  20.1%  18.0%  23.5% * 21.1% 
Nevada  32.8%  29.2%  26.3%  45.2%  43.9% 
New Hampshire  17.4%  19.4%  18.6%  20.1% * 21.0% 
New Jersey  21.9%  18.8%  19.5%  26.1%  26.0% 
New Mexico  29.5%  38.7%  25.2%  29.4%  26.0% 
New York  34.7%  34.2%  32.5%  35.5%  32.9% 
North Carolina  21.1%  18.0%  26.0%  27.6%  26.8% 
North Dakota  31.2% 2 23.3% 2 24.3%  20.0% * 12.7% 
Ohio  22.0%  24.2%  21.9%  27.3%  26.3% 
Oklahoma  27.6%  21.1%  23.1%  26.9%  23.4% 
Oregon  26.2%  24.7%  26.2%  28.2%  24.1% 
Pennsylvania  19.4%  17.4%  18.7%  20.6%  19.6% 
Rhode Island  15.9%  24.6%  17.4%  21.8%  27.2% 
South Carolina  25.6%  22.7%  25.6%  25.1%  23.9% 
South Dakota  31.2% 2 23.3% 2 16.1%  21.7% * 26.6% *
Tennessee  25.7%  24.7%  21.6%  25.8%  23.0% 
Texas  28.8%  26.4%  23.9%  27.7%  25.9% 
Utah  25.7%  29.2%  26.7%  22.0%  23.1% 
Vermont  19.3% 1 18.0% 1 —  15.7% * 20.6% 
Virginia  24.9%  20.6%  13.9%  20.9%  17.7% 
Washington  21.8%  20.2%  20.3%  23.2%  23.2% 
West Virginia  26.2%  22.9%  18.0%  18.7%  15.5% 
Wisconsin  19.6%  18.1%  19.2%  22.0%  21.4% 
Wyoming  31.2% 2 23.3% 2 18.1%  20.9% * 21.5% *

Survey of Income and Program Participation. Washington, DC: U.S. Department of Commerce, Census Bureau, 2002, 2004, 2006, 2009, 2010. Data calculated by the Bay Area Council Economic Institute.

"—" indicates that no data is available, or data is suppressed due to a margin of error that is greater than 50% of the estimate.

Footnotes

* Indicates that the margin of error is greater than 25% of the estimate, and as such, caution should be used when using this data.

1. The data in 2002 and 2004 were generated by pooling Maine and Vermont.

2. The data in 2002 and 2004 were generated by pooling North Dakota, South Dakota, and Wyoming.

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