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 Net Worth

Definition

Percentage change in median net worth of households, 1996-2009, adjusted to 2009 dollars.

Description

This indicator measures the change, over time, of median household net worth. Assets are a critical component of an individual’s or a family’s economic security and social mobility. Measuring the change in net worth shows how well residents in a state are moving closer to, or farther away from, financial security.

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Change in Net Worth

Median Net Worth (adjusted to 2009) ($)
State19962002200420062009Percent Change,
2006-2009 (%)
United States  $54,398  $61,743  $74,132  $94,502  $70,600  -25.3% 
Alabama  $54,382  $45,490  $38,044  $60,334  $48,998  -18.8% 
Alaska  $39,174  $122,235  —  —  —  — 
Arizona  $51,550  $46,389  $48,041  $84,791  $38,618 * -54.5% 
Arkansas  $32,264  $51,836  $56,784  $65,889  —  — 
California  $42,725  $96,650  $95,589  $203,446  $57,095  -71.9% 
Colorado  $73,498  $100,211  $89,440  $93,667  $74,567  -20.4% 
Connecticut  $81,707  $144,923  $126,519  $156,063  $125,450 * -19.6% 
Delaware  $47,720  $100,858  $90,858  $105,803  $163,148 * 54.2% 
District of Columbia  $19,981  $13,118  $76,831  $203,778  $20,800  -89.8% 
Florida  $69,871  $66,425  $73,822  $129,525  $71,925  -44.5% 
Georgia  $41,338  $51,866  $44,561  $74,492  $48,425 * -35.0% 
Hawaii  $62,488  $103,542  $40,204  $221,364  $197,366 * -10.8% 
Idaho  $57,531  $71,772  $76,408  $49,734  —  — 
Illinois  $85,082  $88,512  $90,208  $108,546  $88,020  -18.9% 
Indiana  $71,786  $77,438  $73,253  $78,310  $51,800  -33.9% 
Iowa  $92,569  $109,172  $113,345  $108,091  $89,155  -17.5% 
Kansas  $55,740  $63,800  $71,732  $68,255  $92,149  35.0% 
Kentucky  $56,096  $62,011  $46,296  $62,002  $62,100  0.2% 
Louisiana  $48,402  $54,807  $49,397  $56,409  $55,614  -1.4% 
Maine  $79,066 1 $79,705 1 $87,820 1 $77,017  $78,532 * 2.0% 
Maryland  $68,722  $103,086  $130,629  $179,470  $180,899  0.8% 
Massachusetts  $90,795  $167,641  $172,001  $180,563  $143,625  -20.5% 
Michigan  $81,048  $102,737  $102,202  $105,896  $71,725  -32.3% 
Minnesota  $82,674  $125,335  $121,174  $156,160  $137,775  -11.8% 
Mississippi  $46,729  $31,602  $22,544  $54,023  —  — 
Missouri  $58,495  $58,061  $59,975  $76,172  $77,438  1.7% 
Montana  $40,610  $51,408  $60,017  $52,363  —  — 
Nebraska  $58,429  $73,747  $67,120  $92,623  —  — 
Nevada  $51,153  $54,321  $57,411  $92,041  —  — 
New Hampshire  $109,080  $131,765  $139,720  $205,165  $132,671 * -35.3% 
New Jersey  $102,507  $132,188  $141,392  $208,784  $127,800  -38.8% 
New Mexico  $65,359  $29,613  $12,209  $54,273  $46,265 * -14.8% 
New York  $46,249  $60,691  $42,641  $47,763  $48,000  0.5% 
North Carolina  $57,794  $72,979  $82,047  $56,968  $62,480  9.7% 
North Dakota  $36,039 2 $54,528 2 $78,228 2 $62,824  $67,275 * 7.1% 
Ohio  $69,828  $92,242  $73,291  $78,802  $60,963  -22.6% 
Oklahoma  $46,216  $46,986  $55,192  $55,340  $43,325  -21.7% 
Oregon  $91,544  $71,542  $62,009  $90,176  $76,200 * -15.5% 
Pennsylvania  $89,663  $93,409  $84,609  $101,835  $100,000  -1.8% 
Rhode Island  $115,923  $71,015  $84,043  $140,271  $169,846  21.1% 
South Carolina  $49,464  $59,479  $54,628  $66,000  $59,926  -9.2% 
South Dakota  $36,039 2 $54,528 2 $78,228 2 $66,388  —  — 
Tennessee  $49,547  $58,660  $50,538  $67,945  $60,080  -11.6% 
Texas  $33,509  $41,142  $40,664  $50,761  $44,850  -11.6% 
Utah  $69,444  $74,916  $47,180  $84,054  $97,800  16.4% 
Vermont  $79,066 1 $79,705 1 $87,820 1 —  $220,801 * — 
Virginia  $65,012  $77,694  $91,887  $190,144  $127,066  -33.2% 
Washington  $76,366  $105,718  $90,867  $133,120  $102,839  -22.7% 
West Virginia  $56,335  $53,664  $56,786  $107,894  $106,503  -1.3% 
Wisconsin  $84,921  $91,706  $78,194  $101,882  $99,050  -2.8% 
Wyoming  $36,039 2 $54,528 2 $78,228 2 $54,462  —  — 

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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