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


CFED Assets & Opportunity Scorecard

Liquid Asset Poverty Rate

Reports & Graphics


Percentage of households without sufficient liquid assets to subsist at the poverty level for three months in the absence of income, 2010. 

Liquid assets are those that are held in cash or can be liquidated quickly: bank accounts and other interest-earning assets; and equity in stocks, mutual funds and retirement accounts (IRAs, 401(k)s and KEOGH accounts). Liquid assets exclude equity in businesses, vehicles, homes and other real estate.

The threshold used to determine the liquid asset poverty rate varies by family size. A family of four with liquid assets less than $5,763 in 2012 is liquid asset poor.

Data are point estimates produced from a national survey with relatively small samples for some states, which can result in imprecise estimates and ranks. For more information on how we measured precision and to download margin of error data for each state, see here.


Nearly half (43.9%) of households do not have a basic personal safety net to prepare for emergencies or future needs, such as a child’s college education or homeownership. These families are considered “liquid asset poor,” meaning they lack the savings to cover basic expenses for three months if unemployment, a medical emergency or other crisis leads to a loss of stable income.

Having emergency savings can help families better weather an economic setback. Research has found that households with assets are much less likely to suffer serious hardships in the event of an economic emergency, such as a job loss. Families without emergency savings, on the other hand, are much more vulnerable to economic catastrophe, such as foreclosure, homelessness and dependence on public assistance.  

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Liquid Asset Poverty Rate

StateLiquid Asset Poverty Rate (%)Rank
United States  43.9%   
Alabama  63.8%  41 
Alaska  —  — 
Arizona  45.2%  26 
Arkansas  51.6%  34 
California  44.4%  24 
Colorado  45.8%  28 
Connecticut  36.6%  15 
Delaware  34.2%  10 
District of Columbia  31.7% 
Florida  51.9%  35 
Georgia  55.8%  38 
Hawaii  29.7% 
Idaho  44.2% ** N.R. 
Illinois  42.0%  19 
Indiana  42.2%  20 
Iowa  26.2% 
Kansas  34.6%  11 
Kentucky  48.1%  31 
Louisiana  47.4%  30 
Maine  46.4% ** N.R. 
Maryland  35.6%  14 
Massachusetts  37.3%  16 
Michigan  40.2%  18 
Minnesota  23.6% 
Mississippi  57.7%  39 
Missouri  43.5%  22 
Montana  40.0% * N.R. 
Nebraska  28.5% * N.R. 
Nevada  62.5%  40 
New Hampshire  31.0% 
New Jersey  44.6%  25 
New Mexico  53.7%  37 
New York  45.5%  27 
North Carolina  49.9%  33 
North Dakota  28.0% 
Ohio  43.2%  21 
Oklahoma  43.8%  23 
Oregon  34.8%  12 
Pennsylvania  37.4%  17 
Rhode Island  27.8% 
South Carolina  47.2%  29 
South Dakota  40.2% ** N.R. 
Tennessee  53.7%  36 
Texas  49.5%  32 
Utah  33.1% ** N.R. 
Vermont  25.1% * N.R. 
Virginia  35.0%  13 
Washington  32.9% 
West Virginia  47.4% ** N.R. 
Wisconsin  33.2% 
Wyoming  39.2% ** N.R. 


Survey of Income and Program Participation, 2008 Panel, Wave 7. Washington, DC: U.S. Department of Commerce, Census Bureau, 2010. 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.

"N.R." indicates that data are not ranked because the estimate or rank is too imprecise to say with confidence how the state compares to other states.


* 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.

** Indicates that estimate is unable to be ranked because the ranks are too closely clustered to say with confidence how the state compares to other states.

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