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 Race

Reports & Graphics

Definition

Ratio of the percent of the white, non-Hispanic population to populations of color (Black or African-American; American Indian and Native Alaskan; Asian; Native Hawaiian and other Pacific Islander; Hispanic or Latino; some other race; two or more races) 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 percent of the white population with at least a 4-year degree divided the percent of populations of color with at least a 4-year degree, except in New Hampshire, Vermont, and West Virginia where people of color have higher rates of college attainment.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the college attainment rate of white people in New Mexico is three times higher than for people of color.

 

Description

Those with a college degree earn significantly more and accumulate more wealth over time than those with just a high school diploma, but the college attainment gap is increasingly becoming defined by race. This measure describes the disparity in college attainment between the white, non-Hispanic population and populations of color. In almost all states, people of color have lower rates of college attainment. For example, in the District of Columbia, white non-Hispanics are more than three times more likely than people of color to have at least 4-year degrees (90% and 29%, respectively).

For more information, please visit the Achievement Gap Initiative at Harvard University.

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Four-Year Degree by Race

StatePercent with At Least
4-Year Degree,
White (%)
Percent with At Least
4-Year Degree,
People of Color (%)
RatioRank
United States  31.9%  20.0%  1.59   
Alabama  25.1%  15.2%  1.65  29 
Alaska  31.3%  15.2%  2.06  45 
Arizona  32.7%  14.2%  2.31  48 
Arkansas  21.7%  14.5%  1.50  21 
California  39.4%  20.2%  1.95  43 
Colorado  42.4%  18.0%  2.36  49 
Connecticut  40.2%  21.6%  1.86  39 
Delaware  31.6%  21.7%  1.46  19 
District of Columbia  90.5%  29.0%  3.12  51 
Florida  29.0%  20.1%  1.45  16 
Georgia  31.1%  21.4%  1.45  17 
Hawaii  39.1%  25.0%  1.56  24 
Idaho  26.8%  13.8%  1.94  42 
Illinois  34.9%  20.8%  1.67  30 
Indiana  23.8%  17.6%  1.35 
Iowa  26.2%  18.8%  1.40  13 
Kansas  32.2%  18.8%  1.71  31 
Kentucky  21.2%  19.1%  1.11 
Louisiana  24.9%  14.2%  1.76  35 
Maine  28.6%  24.1%  1.19 
Maryland  41.2%  29.7%  1.39  12 
Massachusetts  41.5%  26.6%  1.56  23 
Michigan  26.6%  21.2%  1.25 
Minnesota  33.6%  22.8%  1.48  20 
Mississippi  23.1%  14.3%  1.61  27 
Missouri  27.0%  20.7%  1.30 
Montana  29.4%  15.9%  1.85  38 
Nebraska  29.7%  15.8%  1.88  40 
Nevada  26.7%  14.7%  1.82  36 
New Hampshire  33.0%  38.3%  1.16 
New Jersey  38.7%  27.0%  1.44  15 
New Mexico  38.8%  13.0%  2.99  50 
New York  38.5%  22.0%  1.75  33 
North Carolina  30.7%  17.5%  1.76  34 
North Dakota  27.0%  17.1%  1.58  25 
Ohio  25.4%  20.3%  1.25 
Oklahoma  25.9%  17.0%  1.52  22 
Oregon  30.9%  19.4%  1.59  26 
Pennsylvania  28.3%  19.5%  1.45  18 
Rhode Island  34.0%  16.4%  2.07  46 
South Carolina  28.5%  14.3%  2.00  44 
South Dakota  27.7%  15.2%  1.82  37 
Tennessee  24.8%  18.4%  1.35  10 
Texas  34.8%  16.8%  2.07  47 
Utah  32.1%  17.0%  1.89  41 
Vermont  35.4%  36.2%  1.02 
Virginia  38.3%  27.9%  1.37  11 
Washington  33.7%  23.5%  1.43  14 
West Virginia  18.4%  20.5%  1.12 
Wisconsin  27.7%  17.1%  1.62  28 
Wyoming  25.8%  14.9%  1.74  32 

Source

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

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