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

Indiana

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN INDIANA

 

Lead State Organization

Indiana Assets & Opportunity Network

 

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WHAT INDIANA CAN DO

There are many policies that Indiana could enact to improve its climate for asset building and preservation:

Increase Incomes, Reduce Debt, and Encourage Savings: To reduce income and asset poverty and household debt, Indiana should help residents maximize their incomes by expanding the Earned Income Tax Credit and remove the disincentive for low-income families to save by lifting asset limits in public benefit programs.

Protect Homeowners and Stabilize Communities: To address the high foreclosure and delinquent mortgage loan rates, Indiana should strengthen its policies around foreclosure prevention and protections.

Create Jobs through Self-Employment: To reduce unemployment and underemployment, Indiana should support microenterprises to create jobs through self-employment.

Overall Rank: 37

Outcome Rankings

Issue Area Rank: 31 | Grade: C
Outcome Measure State Data US Data Rank
Income Poverty Rate 14.4% 14.6% 27
Asset Poverty Rate 22.9% 26.0% —
Asset Poverty by Race 2.4 x higher
for HHs
of color		 2.1 x higher
for HHs
of color		 —
Asset Poverty by Gender 1.5 x higher
for single women		 1.1 x higher
for single women		 —
Asset Poverty by Family Structure 2.5 x higher
for 1-parent HHs		 2.2 x higher
for 1-parent HHs		 —
Liquid Asset Poverty Rate 42.2% 43.9% 20
Liquid Asset Poverty by Race 1.9 x higher
for HHs
of color		 1.8 x higher
for HHs
of color		 —
Liquid Asset Poverty by Gender 1.1 x higher
for single women		 1.09 x higher
for single women		 —
Liquid Asset Poverty by Family Structure 1.8 x higher
for 1-parent HHs		 1.9 x higher
for 1-parent HHs		 —
Extreme Asset Poverty Rate 14.8% 17.5% —
Net Worth $65,850 $68,948 —
Net Worth by Race — 10.3 x higher
for white HHs		 —
Net Worth by Income 30 x higher
for top 20%		 68 x higher
for top 20%		 —
Net Worth by Gender — 1.18 x higher
for single men		 —
Net Worth by Family Structure — 22 x higher
for 2-parent HHs		 —
Unbanked Households 7.8% 8.2% 32
Underbanked Households 19.1% 20.1% 22
Households with Savings Accounts 68.6% 69.2% 29
Consumers with Subprime Credit 57.9% 56.4% 35
Borrowers 90+ Days Overdue 4.48% 4.33% 35
Average Credit Card Debt $8,364 $10,736 18
Bankruptcy Rate (per 1,000 people) 5.9 4.4 44
   

Policy Ratings
Policy Priorities
0.5 Tax Credits for Working Families
0.75 State IDA Program Support
0 Lifting Asset Limits in Public Benefit Programs
0.75 Protections from Predatory Short-Term Loans
Additional Policies
Income Tax Threshold — $18,500
Tax Burden by Income — The poorest 20% of families pay 2.3 times more of their income in taxes than the top 1% of families
Prize-Linked Savings — Prize-linked savings not allowed
Paperless Payday — Paperless payday permitted

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 43 | Grade: D
Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 13.9% 16.7% 49
Small Business Ownership Rate 1.36% 1.34% 34
Business Ownership by Race 1.6 x higher
for white workers		 1.5 x higher
for white workers		 18
Business Ownership by Gender 1.3 x higher
for men		 1.3 x higher
for men		 20
Business Value by Race 2.7 x higher
for white bus. owners		 2.6 x higher
for white bus. owners		 35
Business Value by Gender 3.3 x higher
for men		 2.6 x higher
for men		 47
Business Creation Rate (per 1,000 workers) 7.3 9.2 42
Private Loans to Small Business $1,248 $1,148 17
Unemployment Rate 9.0% 8.9% 33
Unemployment by Race 1.7 x higher
for people
of color		 1.7 x higher
for people
of color		 22
Underemployment Rate 15.7% 15.9% 34
Low-Wage Jobs 24.1% 21.5% 30
Average Annual Pay $43,748 $48,043 37
Retirement Plan Participation 50.6% 44.6% 11
Employers Offering Health Insurance 50.5% 51.0% 23
   

Policy Ratings
Policy Priorities
0.5 State Support for Microenterprise
0 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 38.6% of average weekly wage
Unemployment Benefit Eligibility — Some benefits for compelling family reasons; No alternative base period; Part-time workers not covered
Incentives for Employee Ownership — Direct state assistance; Not all criteria met
Loans for Beginning Farmers — Has Aggie Bond Program

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 25 | Grade: C
Outcome Measure State Data US Data Rank
Homeownership Rate 69.7% 64.6% 12
Homeownership by Race 1.7 x higher
for white HHs		 1.6 x higher
for white HHs		 39
Homeownership by Income 2.3 x higher
for top 20%		 2.2 x higher
for top 20%		 34
Homeownership by Gender 1.05 x higher
for single men		 1.01 x higher
for single women		 —
Homeownership by Family Structure 1.9 x higher
for 2-parent HHs		 1.9 x higher
for 2-parent HHs		 33
Foreclosure Rate 4.59% 4.27% 41
Delinquent Mortgage Loans 3.01% 3.04% 31
High-Cost Mortgage Loans 2.19% 2.47% 26
Affordability of Homes (value/income) 2.6 x higher than median income 3.4 x higher than median income 9
Housing Cost Burden - Homeowners 26.6% 36.9% 5
Housing Cost Burden - Renters 51.9% 53.4% 27
   

Policy Ratings
Policy Priorities
0.5 Foreclosure Prevention and Protections
0.75 First-Time Homebuyer Assistance
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 17.2% of LIHTC for preservation
Tenant Protections from Foreclosure — No protections beyond federal law
Property Tax Relief — None
Resident Ownership of Manufactured Housing Communities — No protections for homeowners

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 17 | Grade: B
Outcome Measure State Data US Data Rank
Uninsured Rate 16.5% 17.3% 28
Uninsured by Race 1.7 x higher
for people
of color		 2 x higher
for people
of color		 16
Uninsured by Income 3.4 x higher
for poorest 20%		 3.5 x higher
for poorest 20%		 24
Uninsured by Gender 1.1 x higher
for men		 1.2 x higher
for men		 15
Uninsured Low-Income Children 11.4% 10.7% 39
Uninsured Low-Income Parents 33.9% 34.5% 26
Employer-Provided Insurance Coverage 61.5% 57.4% 21
Employee Share of Premium 22.1% 26.4% 4
Out-of-Pocket Medical Expenses 18.6% 16.2% —
   

Policy Ratings
Policy Priorities
0.75 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — No state policy
Healthcare Information Databases — Does not have database

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 45 | Grade: D
Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 12.4% 28.2% 45
Math Proficiency - 8th Grade 34.1% 34.7% 25
Reading Proficiency - 8th Grade 31.8% 33.5% 32
High School Degree 87.3% 85.9% 29
Two-Year College Degree 30.9% 36.3% 42
Four-Year College Degree 23.0% 28.5% 44
Four-Year Degree by Race 1.3 x higher
for white adults		 1.6 x higher
for white adults		 9
Four-Year Degree by Income 5.7 x higher
for top 20%		 4.6 x higher
for top 20%		 44
Four-Year Degree by Gender 1.02 x higher
for men		 1.01 x higher
for men		 —
Average College Graduate Debt $27,500 $26,600 38
College Graduates with Debt 63% 66% 26
Student Loan Default Rate 12.9% 13.4% 32
   

Policy Ratings
Policy Priorities
0.75 Access to Quality K-12 Education
0.5 Financial Education in Schools
0.5 College Savings Incentives
Additional Policies
State-Funded Head Start — No state supplement
Quality of State Pre-K Programs — No established state program
Kindergarten Standards — Half Day Kindergarten; separate standards; no certificates or training required for teachers
State Financial Aid for Postsecondary Education — $764 per student; 95% need-based
TANF-Funded Workforce Training — 7.14% of funds spent on training
WIA-Funded Workforce Training — 6.8% of participants received training

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

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