CFED Scorecard

CFED Assets & Opportunity Scorecard

Texas
Overall
Outcome Rank
Overall
Policy Rank
Outcome Rankings
 
Policy Rankings
Financial Assets & Income 43 Financial Assets & Income 46
Businesses & Jobs 33 Businesses & Jobs 36
Housing & Homeownership 16 Housing & Homeownership 20
Health Care 51 Health Care 20
Education 41 Education 16

Connect to the Assets & Opportunity Network in Texas
Income Poverty Rate in TX
If Texas improved to the performance of the best state, there would be:
640,919 fewer income poor households

OUTCOME RANKINGS
Issue Area Rank: 43 | GRADE D

Outcome Measure State Data US Data Rank
Income Poverty Rate 15.7% 14.5% 37
Asset Poverty Rate 23.8% 25.4%
Liquid Asset Poverty Rate 49.8% 43.5% 30
Extreme Asset Poverty Rate 14.6% 17.0%
Net Worth $53,452 $70,359
Income Inequality 5.1 x as high
for top 20%
5 x as high
for top 20%
39
Unbanked Households 10.4% 7.7% 41
Underbanked Households 27.4% 20.0% 50
Households with Savings Accounts 63.9% 68.8% 40
Consumers with Prime Credit 40.1% 48.9% 47
On-Time Payers 73.3% 79.2% 46
Access to Revolving Credit 61.9% 67.9% 40
Bankruptcy Rate (per 1,000 people) 1.3 2.9 6

POLICY RANKINGS
Issue Area Rank: 46 | 4 of 24 policies adopted

Policy Priorities
Asset Limits in Public Benefit Programs
Eliminated TANF asset test?
Eliminated SNAP asset test?
Eliminated LIHEAP asset test?
Child and Child Care Tax Credits
CDCTC enacted?
Refundable CTC?
Debt Collection Protections
At least 2 major assets protected?
Abusive debt buying practices protected against?
Direct Deposit Access
Does state remove barriers to direct deposit?
EITC State Funding
State EITC?
Refundable EITC?
State EITC is 15% of federal?
Individual Development Accounts
Authorized state funding?
Predatory Debt Settlement Protections
Debt settlement protections?
Prize-Linked Savings
Prize-linked savings?
Predatory Small-Dollar Lending Protections
Protect against payday lending?
Protect against car-title lending?
Protect against installment loans?
Retirement Savings
Auto-IRA?
Statewide Financial Access Programs
Statewide financial access program?
Tax Fairness
State income tax?
Progressive State Tax Rate?
Tax Prep Regulations
Regulate tax preparers?
Ban add-on fees?
Unemployment Comp. Using Prepaid Cards
Low-fee UI prepaid card?

Footnotes

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

Small Business Ownership Rate in TX
If Texas improved to the performance of the best state, there would be:
101,932 more workers owning small businesses

OUTCOME RANKINGS
Issue Area Rank: 33 | GRADE C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 17.3% 16.6% 12
Small Business Ownership Rate 1.23% 1.38% 48
Business Ownership by Race 1.35 x as high
for white workers
1.22 x as high
for white workers
21
Business Ownership by Gender 1.1 x as high
for men
1.3 x as high
for men
8
Business Value by Race 4.1 x as high
for white bus. owners
2.9 x as high
for white bus. owners
47
Business Value by Gender 3 x as high
for men
3 x as high
for men
24
Business Creation Rate (per 1,000 workers) 7.0 9.3 46
Private Loans to Small Business $1,174 $1,318 41
Unemployment Rate 4.4% 5.4% 15
Unemployment by Race 1.7 x as high
for workers
of color
1.7 x as high
for workers
of color
21
Underemployment Rate 8.5% 10.8% 13
Low-Wage Jobs 30.8% 25.6% 40
Average Annual Pay $55,034 $51,364 6
Retirement Plan Participation 41.3% 45.8% 45
Employers Offering Health Insurance 45.9% 47.5% 31

POLICY RANKINGS
Issue Area Rank: 36 | 1 of 10 policies adopted

Policy Priorities
Microbusiness Support
CDBG funding?
State leverage of TANF or WIA?
Minimum Wage
Adequate minimum wage by 2017?
All classes of workers covered by state minimum wage?
Paid Leave
Paid leave required?
Expanded FMLA?
Unemployment Benefits
Adequate benefit?
2 of 3 eligibility rules adopted?
Unemployed Entrepreneur Support
Active SEA program?
Workforce Development - Sector Partnerships
State support for sector partnerships?

Footnotes

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

Homeownership Rate in TX
If Texas improved to the performance of the best state, there would be:
1,021,552 more homeowners

OUTCOME RANKINGS
Issue Area Rank: 16 | GRADE B

Outcome Measure State Data US Data Rank
Homeownership Rate 61.2% 63.1% 43
Homeownership by Race 1.3 x as high
for white HHs
1.6 x as high
for white HHs
3
Homeownership by Income 2.2 x as high
for top 20%
2.2 x as high
for top 20%
28
Homeownership by Gender 1.1x as high
for single women
1.03x as high
for single women
Homeownership by Family Structure 1.8 x higher
for 2-parent HHs
1.9 x higher
for 2-parent HHs
19
Foreclosure Rate 0.89% 2.09% 12
Delinquent Mortgage Loans 1.73% 1.86% 25
High-Cost Mortgage Loans 11.5% 7.1% 50
Affordability of Homes (value/income) 2.6 x higher than median income 3.4 x higher than median income 10
Housing Cost Burden - Homeowners 27.2% 30.8% 18
Housing Cost Burden - Renters 48.9% 51.8% 18

POLICY RANKINGS
Issue Area Rank: 20 | 6 of 13 policies adopted

Policy Priorities
Foreclosure Regulations
Third-party review?
Mortgage servicer regulation?
First-Time Homebuyer Assistance
Downpayment assistance?
Direct lending?
Homeownership counseling?
Housing Trust Funds
Housing trust fund?
Protection from Discrimination for Low-Income Renters
Section 8 protections?
Post-Foreclosure Protections
Deficiency judgments limited/abolished?
Property Tax Relief
Well-targeted circuit breaker?
Redeveloping Foreclosed Properties
Land banking enabled?
Resident Ownership, Titling and Zoning of Manufactured Homes
Encourages resident ownership?
Allows titling as real property or includes MH in single-family district zoning?
Tenant Protections from Foreclosure
Tenant foreclosure protections?

Footnotes

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

Uninsured Rate in TX
If Texas improved to the performance of the best state, there would be:
4,103,723 more people with health insurance

OUTCOME RANKINGS
Issue Area Rank: 51 | GRADE F

Outcome Measure State Data US Data Rank
Uninsured Rate 21.3% 13.5% 51
Uninsured by Race 2.1 x as high
for people
of color
2 x as high
for people
of color
35
Uninsured by Income 4.5 x as high
for poorest 20%
4.5 x as high
for poorest 20%
30
Uninsured by Gender 1.1 x as high
for men
1.2 x as high
for men
2
Uninsured Low-Income Children 13.7% 8.2% 50
Employer-Provided Insurance Coverage 52.6% 57.6% 45
Employee Share of Premium 31.5% 27.1% 47
Forgoing Doctor Visit Due to Cost 17.6% 14.3% 46

POLICY RANKINGS
Issue Area Rank: 20 | 1 of 4 policies adopted

Policy Priorities
Limitations on Hospital Charges, Billing and Collections
Limits charges, billing or collections?
Medicaid Expansion
Medicaid expansion?
Simplified Procedures for CHIP Enrollment and Renewal
2 of 3 strategies implemented?
Simplified Procedures for Medicaid Enrollment
1 of 2 strategies implemented?

Footnotes

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

High School Degree in TX
If Texas improved to the performance of the best state, there would be:
1,824,100 more adults with at least a high school degree

OUTCOME RANKINGS
Issue Area Rank: 41 | GRADE D

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 41.5% 47.1% 38
Math Proficiency - 8th Grade 32.3% 32.1% 28
Reading Proficiency - 8th Grade 28.0% 34.3% 41
High School Graduation Rate 88.3% 82.3% 5
High School Degree 82.2% 86.9% 50
Two-Year College Degree 34.5% 38.2% 39
Four-Year College Degree 27.8% 30.1% 29
Four-Year Degree by Race 1.9 x higher
for white adults
1.6 x higher
for white adults
42
Four-Year Degree by Income 4.8 x as high
for top 20%
4.5 x as high
for top 20%
37
Four-Year Degree by Gender 1.02 x as high
for men
1.01 x as high
for women
Average College Graduate Debt $26,250 $27,022 23
College Graduates with Debt 59% 61% 17
Student Loan Default Rate 14.3% 11.8% 43
Disconnected Youth 14.2% 13.8% 37

POLICY RANKINGS
Issue Area Rank: 16 | 7 of 17 policies adopted

Policy Priorities
College Savings Incentives
Minimized savings barriers?
Tax credit?
Deposit or match?
Universal deposit or match?
Early Education Access
Sufficient funding?
7 of 10 quality standards met?
Financial Aid for Postsecondary Education
Adequate financial aid funding?
Well-targeted financial aid?
Full-Day Kindergarten
Full-day kindergarten required?
Financial Education in Schools
Adequate requirement for personal finance education?
For-Profit School Regulation
Tuition compensation?
Effective online regulation?
Head Start State Funding
Head Start grant?
In-State Tuition for Undocumented Students
In-state tuition?
K-12 Education Funding and Quality
Adequate education spending?
Strong teacher evaluation and retention?
Postsecondary Education Funding
Adequate funding for public colleges?
Workforce Development
Adequate workforce training funding?

Footnotes

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

Copyright © 2016 CFED — Corporation for Enterprise Development 1200 G Street, NW Suite 400 Washington, DC 20005 202.408.9788