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

Extreme Asset Poverty Rate

Reports & Graphics

Definition

Percentage of households that have zero or negative net worth, 2010.

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.

Description

A household with negative net worth owes more than it owns; its household debt is greater than its financial assets. This measure describes the severity of asset poverty and demonstrates that some households have no financial cushion to help them weather a financial crisis. 

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Extreme Asset Poverty Rate

StateExtreme Asset Poverty Rate (%)
United States  17.5% 
Alabama  13.6% 
Alaska  — 
Arizona  19.9% 
Arkansas  15.9% *
California  19.1% 
Colorado  19.3% 
Connecticut  14.8% 
Delaware  12.3% *
District of Columbia  26.8% 
Florida  22.7% 
Georgia  20.5% 
Hawaii  11.5% *
Idaho  24.4% *
Illinois  18.2% 
Indiana  14.8% 
Iowa  17.9% 
Kansas  14.6% 
Kentucky  11.7% *
Louisiana  17.1% 
Maine  — 
Maryland  16.1% 
Massachusetts  16.1% 
Michigan  19.5% 
Minnesota  15.5% 
Mississippi  18.9% 
Missouri  14.3% 
Montana  — 
Nebraska  13.8% *
Nevada  25.1% *
New Hampshire  16.1% 
New Jersey  19.9% 
New Mexico  14.8% *
New York  23.5% 
North Carolina  16.6% 
North Dakota  — 
Ohio  19.1% 
Oklahoma  16.3% 
Oregon  16.6% 
Pennsylvania  13.8% 
Rhode Island  17.7% *
South Carolina  12.8% 
South Dakota  — 
Tennessee  13.4% 
Texas  16.1% 
Utah  14.9% 
Vermont  15.0% *
Virginia  11.3% 
Washington  15.9% 
West Virginia  12.2% 
Wisconsin  15.7% 
Wyoming  11.1% *

Source

Survey of Income and Program Participation, 2008 Panel, Wave 7. Washington, DC: U.S. Department of Commerce, Census Bureau, 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, this estimate is too imprecise to rank. Caution should be used when using this data.

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