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

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

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Change in Asset Poverty

Definition

Percent change in asset poverty rate, 1996-2009.

Description

This indicator measures the change, over time, of household asset poverty. Measuring the change in asset poverty shows how well residents in a state are moving closer to, or farther away from, financial self-sufficiency and security.

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Change in Asset Poverty

Asset Poverty Rate (%)
State19962002200420062009Percent Change,
2006-2009 (%)
United States  24.7%  25.2%  22.4%  22.4%  27.1%  20.9% 
Alabama  20.0%  24.5%  26.1%  20.2%  24.1%  19.5% 
Alaska  18.9%  23.4%  —  —  21.7% * — 
Arizona  28.8%  27.5%  27.0%  25.3%  33.9%  34.1% 
Arkansas  31.0%  25.8%  24.1%  22.4%  25.6%  14.3% 
California  28.5%  25.8%  24.2%  23.7%  30.9%  30.2% 
Colorado  23.9%  28.6%  24.9%  21.2%  28.9%  36.3% 
Connecticut  22.5%  21.7%  19.7%  23.1%  24.9%  8.0% 
Delaware  22.6%  16.2%  11.1%  17.9%  19.8% * 10.3% 
District of Columbia  41.3%  39.7%  27.1%  25.0%  41.3%  65.7% 
Florida  19.6%  25.0%  20.8%  19.0%  27.2%  43.5% 
Georgia  25.5%  26.8%  25.7%  23.3%  30.8%  31.9% 
Hawaii  25.2%  26.9%  33.6%  17.0%  18.7% * 9.6% 
Idaho  23.5%  28.1%  23.1%  18.9%  24.8%  31.1% 
Illinois  20.0%  22.8%  19.8%  20.8%  26.4%  26.9% 
Indiana  22.2%  23.9%  18.6%  21.9%  26.2%  19.4% 
Iowa  14.2%  17.2%  15.5%  18.3%  22.9%  25.4% 
Kansas  23.0%  21.8%  21.9%  22.1%  22.2%  0.4% 
Kentucky  22.0%  23.8%  26.0%  23.2%  27.5%  18.7% 
Louisiana  25.9%  23.6%  24.4%  26.9%  23.6%  -12.2% 
Maine  21.8% 1 19.3% 1 18.0% 1 22.9%  24.1%  5.2% 
Maryland  19.8%  23.8%  18.3%  18.1%  20.2%  11.5% 
Massachusetts  23.0%  20.3%  21.8%  24.0%  26.4%  10.1% 
Michigan  19.0%  20.8%  17.3%  19.9%  25.9%  30.1% 
Minnesota  15.7%  15.8%  15.7%  16.1%  22.5%  40.1% 
Mississippi  19.4%  25.8%  29.6%  23.8%  31.9%  34.1% 
Missouri  21.3%  22.4%  21.6%  22.2%  24.3%  9.6% 
Montana  23.8%  31.3%  29.4%  32.5%  26.1%  -19.7% 
Nebraska  21.4%  22.5%  20.1%  18.0%  23.5% * 30.4% 
Nevada  23.6%  32.8%  29.2%  26.3%  45.2%  71.8% 
New Hampshire  18.0%  17.4%  19.4%  18.6%  20.1% * 7.9% 
New Jersey  20.5%  21.9%  18.8%  19.5%  26.1%  34.3% 
New Mexico  17.4%  29.5%  38.7%  25.2%  29.4%  16.7% 
New York  32.1%  34.7%  34.2%  32.5%  35.5%  9.3% 
North Carolina  20.0%  21.1%  18.0%  26.0%  27.6%  6.3% 
North Dakota  26.9% 2 31.2% 2 23.3% 2 24.3%  20.0% * -17.9% 
Ohio  17.6%  22.0%  24.2%  21.9%  27.3%  24.5% 
Oklahoma  20.8%  27.6%  21.1%  23.1%  26.9%  16.4% 
Oregon  21.8%  26.2%  24.7%  26.2%  28.2%  7.7% 
Pennsylvania  18.0%  19.4%  17.4%  18.7%  20.6%  9.7% 
Rhode Island  22.0%  15.9%  24.6%  17.4%  21.8%  24.9% 
South Carolina  23.9%  25.6%  22.7%  25.6%  25.1%  -2.0% 
South Dakota  26.9% 2 31.2% 2 23.3% 2 16.1%  21.7% * 34.9% 
Tennessee  22.9%  25.7%  24.7%  21.6%  25.8%  19.2% 
Texas  25.5%  28.8%  26.4%  23.9%  27.7%  16.0% 
Utah  20.0%  25.7%  29.2%  26.7%  22.0%  -17.7% 
Vermont  21.8% 1 19.3% 1 18.0% 1 —  15.7% * — 
Virginia  22.3%  24.9%  20.6%  13.9%  20.9%  50.9% 
Washington  24.0%  21.8%  20.2%  20.3%  23.2%  14.2% 
West Virginia  19.2%  26.2%  22.9%  18.0%  18.7%  4.2% 
Wisconsin  20.5%  19.6%  18.1%  19.2%  22.0%  14.6% 
Wyoming  26.9% 2 31.2% 2 23.3% 2 18.1%  20.9% * 15.4% 

Survey of Income and Program Participation. Washington, DC: U.S. Department of Commerce, Census Bureau, 1996, 2002, 2004, 2006, 2009. 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, caution should be used when using this data.

1. The data in 1996, 2002 and 2004 were generated by pooling Maine and Vermont.

2. The data in 1996, 2002, and 2004 were generated by pooling North Dakota, South Dakota, and Wyoming.

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