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

Four-Year Degree by Income

Reports & Graphics

Definition

Ratio of the percent of the population in the top household income quintile to the population in the bottom household income quintile 25 years old and over with at least a 4-year degree, 2011.

Calculated by dividing the higher value by the lower value, i.e., the college attainment rate of the top income quintile by the bottom income quintile. Income quintiles are calculated at the state level, and the income thresholds used to define quintiles can be found here.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the college attainment rate of people in the top income quintile in Kentucky is 7.5 times higher than for people in the bottom income quintile.

Description

Individuals with a four-year degree are more likely to experience income and asset growth over the course of their lifetimes than persons who do not have college degrees. This is a self-perpetuating cycle as persons from low-income families are also less-likely to finish college than their wealthier counterparts.

This measure describes the disparity in college attainment between higher and lower-income populations. In every state, populations in the bottom fifth of the income distribution have much lower rates of college attainment than populations in the upper fifth of the income distribution. For example, in Alabama, four-year degrees are 6.6 times more prevalent among the highest income households than among the lowest-income households (43.3% and 6.6%, respectively).

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Four-Year Degree by Income

StatePercent with At Least
4-Year Degree,
Top Quintile (%)
Percent with At Least
4-Year Degree,
Bottom Quintile (%)
RatioRank
United States  50.2%  11.0%  4.57   
Alabama  43.3%  6.6%  6.57  50 
Alaska  36.6%  9.4%  3.89  19 
Arizona  44.6%  12.3%  3.62  13 
Arkansas  39.4%  6.6%  5.97  46 
California  52.4%  14.4%  3.63  14 
Colorado  57.8%  17.4%  3.33 
Connecticut  59.6%  13.5%  4.43  26 
Delaware  48.3%  9.9%  4.87  32 
District of Columbia  78.5%  14.4%  5.45  40 
Florida  44.3%  11.5%  3.85  18 
Georgia  50.1%  10.4%  4.82  31 
Hawaii  39.6%  16.8%  2.36 
Idaho  41.7%  11.7%  3.58  12 
Illinois  53.8%  12.7%  4.24  24 
Indiana  42.7%  7.5%  5.67  44 
Iowa  42.7%  9.3%  4.61  28 
Kansas  51.1%  12.3%  4.15  22 
Kentucky  40.1%  5.3%  7.53  51 
Louisiana  36.3%  7.1%  5.14  35 
Maine  50.3%  14.9%  3.38 
Maryland  58.2%  15.1%  3.85  16 
Massachusetts  62.9%  16.5%  3.82  15 
Michigan  47.4%  9.7%  4.88  33 
Minnesota  54.1%  13.0%  4.17  23 
Mississippi  37.0%  5.7%  6.49  49 
Missouri  46.8%  9.6%  4.88  34 
Montana  44.1%  13.1%  3.37 
Nebraska  46.4%  12.1%  3.85  17 
Nevada  38.6%  12.6%  3.07 
New Hampshire  53.4%  13.6%  3.92  20 
New Jersey  59.3%  13.1%  4.53  27 
New Mexico  44.7%  10.2%  4.39  25 
New York  55.5%  13.8%  4.03  21 
North Carolina  49.7%  8.7%  5.72  45 
North Dakota  37.9%  12.1%  3.13 
Ohio  46.3%  8.3%  5.56  42 
Oklahoma  41.9%  8.9%  4.74  30 
Oregon  49.3%  14.3%  3.46  10 
Pennsylvania  48.8%  9.1%  5.39  39 
Rhode Island  51.1%  9.5%  5.37  38 
South Carolina  43.7%  7.9%  5.54  41 
South Dakota  42.6%  6.6%  6.46  48 
Tennessee  44.8%  7.2%  6.25  47 
Texas  48.4%  9.1%  5.33  37 
Utah  45.1%  14.8%  3.05 
Vermont  53.8%  15.6%  3.45 
Virginia  61.2%  11.7%  5.22  36 
Washington  51.6%  14.5%  3.55  11 
West Virginia  36.4%  6.5%  5.62  43 
Wisconsin  47.2%  10.1%  4.65  29 
Wyoming  35.7%  14.0%  2.54 

Source

2011 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2012.

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