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

Extreme Asset Poverty Rate

Definition

Percentage of households that have zero or negative net worth, 2009.

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 because estimates are too imprecise to say with confidence how the state compares to other states. 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 severity of asset poverty and highlights the challenge of helping all families to build assets. A household with negative net worth owes more than it owns, i.e., its household debt is greater than its financial assets.

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Extreme Asset Poverty Rate

StateExtreme Asset Poverty Rate (%)
United States  19.0% 
Alabama  18.5% 
Alaska  11.5% *
Arizona  24.8% 
Arkansas  18.2% 
California  21.0% 
Colorado  21.5% 
Connecticut  16.5% 
Delaware  9.8% *
District of Columbia  38.7% 
Florida  20.6% 
Georgia  21.2% 
Hawaii  16.3% *
Idaho  18.5% *
Illinois  17.9% 
Indiana  16.3% 
Iowa  17.3% 
Kansas  16.6% 
Kentucky  17.8% *
Louisiana  16.3% 
Maine  14.7% 
Maryland  14.1% 
Massachusetts  16.7% 
Michigan  19.2% 
Minnesota  17.4% 
Mississippi  22.0% 
Missouri  16.9% 
Montana  16.7% *
Nebraska  17.4% *
Nevada  31.0% 
New Hampshire  13.0% *
New Jersey  20.5% 
New Mexico  19.0% *
New York  26.8% 
North Carolina  18.1% 
North Dakota  13.6% *
Ohio  20.1% 
Oklahoma  18.2% 
Oregon  21.4% 
Pennsylvania  14.7% 
Rhode Island  13.8% 
South Carolina  15.6% 
South Dakota  18.4% *
Tennessee  16.0% 
Texas  17.8% 
Utah  15.0% *
Vermont  11.0% 
Virginia  15.5% 
Washington  15.0% 
West Virginia  11.4% 
Wisconsin  15.4% 
Wyoming  — 

Source

Survey of Income and Program Participation, 2008 Panel, Wave 4. Washington, DC: U.S. Department of Commerce, Census Bureau, 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, this estimate is too imprecise to rank. Caution should be used when using this data.

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