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

Liquid Asset Poverty by Family Structure

Reports & Graphics

Definition

Ratio of the liquid asset poverty rate of one-parent households to two-parent households, 2010. 

Calculated by dividing the higher value by the lower value, i.e., one-parent households divided by two-parent households.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the liquid asset poverty rate for single-parent households in Massachusetts is 2.9 times higher than for two-parent households.

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 due to insufficient data at the state level. For more information on how we measured precision and to download margin of error data for each state, see here.

Description

This measure describes the disparity in liquid asset poverty between single-parent and two-parent households. Nationally, single-parent households are almost two times more likely to be asset poor than two-parent households, not only because the resources of two individuals combined are greater than the resources of one individual alone, but also because two-parent households enjoy economic benefits that make it easier to build wealth since they can share expenses like housing and utility payments.

For more information on wealth disparities by family structure, see the work of Mariko Lin Chang.

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Liquid Asset Poverty by Family Structure

StateLiquid Asset Poverty,
2-Parent Households (%)
Liquid Asset Poverty,
1-Parent Households (%)
Ratio
United States  38.8%  73.1%  1.88 
Alabama  47.6% * 88.4%  1.85 
Alaska  —  —  — 
Arizona  54.5%  75.2%  1.38 
Arkansas  44.3%  —  — 
California  45.9%  72.1%  1.57 
Colorado  43.9%  —  — 
Connecticut  31.4% * —  — 
Delaware  —  —  — 
District of Columbia  —  —  — 
Florida  48.7%  74.1%  1.52 
Georgia  46.8%  78.0%  1.67 
Hawaii  —  —  — 
Idaho  —  —  — 
Illinois  35.8%  71.7%  2.00 
Indiana  41.3%  73.6%  1.78 
Iowa  —  —  — 
Kansas  —  —  — 
Kentucky  39.8% * —  — 
Louisiana  31.0% * 76.3%  2.46 
Maine  —  —  — 
Maryland  20.5% * 65.9%  3.21 
Massachusetts  24.4%  70.7%  2.89 
Michigan  30.3%  69.4%  2.29 
Minnesota  13.6%  —  — 
Mississippi  45.6%  —  — 
Missouri  42.3%  68.3%  1.61 
Montana  —  —  — 
Nebraska  —  —  — 
Nevada  —  —  — 
New Hampshire  —  —  — 
New Jersey  34.5%  77.8%  2.25 
New Mexico  —  —  — 
New York  36.1%  79.4%  2.20 
North Carolina  41.9%  80.9%  1.93 
North Dakota  —  —  — 
Ohio  40.5%  76.8%  1.90 
Oklahoma  42.1%  —  — 
Oregon  39.6% * —  — 
Pennsylvania  21.9% * 69.4%  3.17 
Rhode Island  —  —  — 
South Carolina  37.7%  —  — 
South Dakota  —  —  — 
Tennessee  45.9%  81.9%  1.78 
Texas  49.4%  73.6%  1.49 
Utah  33.1%  —  — 
Vermont  —  —  — 
Virginia  28.3%  63.7%  2.25 
Washington  30.8%  69.0%  2.24 
West Virginia  —  —  — 
Wisconsin  22.3%  52.9%  2.37 
Wyoming  —  —  — 

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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