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

Four-Year Degree by Income

Definition

Ratio of the percent of the population in the top household income quintile to the population in the bottom household income quintile 25 years old and over with at least a 4-year degree, 2010.

Calculated by dividing the higher value by the lower value, i.e., the college attainment rate of the top income quintile by the bottom income quintile. Income quintiles are calculated at the state level, and the income thresholds used to define quintiles can be found here.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the college attainment rate of people in the top income quintile in Tennessee is 7.4 times higher than for people in the bottom income quintile.

Description

College education is the primary mechanism of economic mobility for low-income individuals. College education is also linked to income as well as asset growth throughout an individual’s lifetime. Unfortunately, opting for this educational investment is often pre-determined by income level which is in turn influenced by educational attainment. This cycle is further reinforced as future generations of low-income families with no college education directly enter the work force after high school. This measure describes the disparity in college attainment between rich and poor individuals. In every state, low-income populations have much lower rates of college attainment. For example, in Kentucky, people in the highest income households have 4-year degrees at a rate 7.5 times higher than people in the lowest income households (48% and 6%, respectively).

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Four-Year Degree by Income

StatePercent with At Least
4-Year Degree,
Top Quintile (%)
Percent with At Least
4-Year Degree,
Bottom Quintile (%)
RatioRank
United States  61.0%  11.5%  5.3   
Alabama  51.9%  7.1%  7.3  49 
Alaska  53.3%  12.0%  4.5  15 
Arizona  56.3%  13.1%  4.3  13 
Arkansas  46.2%  7.2%  6.4  44 
California  65.0%  15.6%  4.2  10 
Colorado  68.3%  18.6%  3.7 
Connecticut  71.5%  13.2%  5.4  32 
Delaware  58.7%  11.2%  5.3  28 
District of Columbia  88.5%  22.1%  4.0 
Florida  56.3%  12.5%  4.5  16 
Georgia  61.6%  10.2%  6.0  41 
Hawaii  52.2%  19.5%  2.7 
Idaho  54.8%  10.3%  5.3  29 
Illinois  64.7%  13.0%  5.0  22 
Indiana  51.3%  9.2%  5.6  35 
Iowa  50.9%  10.0%  5.1  26 
Kansas  60.2%  11.2%  5.4  31 
Kentucky  47.8%  6.4%  7.5  51 
Louisiana  45.2%  7.6%  6.0  40 
Maine  55.5%  12.1%  4.6  18 
Maryland  70.3%  14.1%  5.0  21 
Massachusetts  73.8%  15.3%  4.8  20 
Michigan  57.2%  9.5%  6.1  42 
Minnesota  63.0%  11.8%  5.3  30 
Mississippi  45.4%  6.6%  6.9  48 
Missouri  54.9%  9.3%  5.9  38 
Montana  53.9%  14.2%  3.8 
Nebraska  56.8%  11.2%  5.1  25 
Nevada  46.5%  11.0%  4.2  11 
New Hampshire  67.8%  15.9%  4.3  12 
New Jersey  70.2%  13.7%  5.1  27 
New Mexico  53.3%  11.8%  4.5  17 
New York  66.2%  13.9%  4.8  19 
North Carolina  59.1%  9.2%  6.4  46 
North Dakota  47.9%  10.9%  4.4  14 
Ohio  56.0%  8.8%  6.4  45 
Oklahoma  50.0%  9.1%  5.5  34 
Oregon  58.3%  15.0%  3.9 
Pennsylvania  60.1%  9.8%  6.2  43 
Rhode Island  61.5%  12.3%  5.0  24 
South Carolina  54.2%  8.4%  6.5  47 
South Dakota  55.0%  10.1%  5.4  33 
Tennessee  55.1%  7.4%  7.4  50 
Texas  59.5%  10.1%  5.9  37 
Utah  54.6%  14.6%  3.7 
Vermont  63.0%  16.9%  3.7 
Virginia  72.0%  12.1%  5.9  39 
Washington  61.6%  15.5%  4.0 
West Virginia  38.8%  6.6%  5.9  36 
Wisconsin  54.1%  10.8%  5.0  23 
Wyoming  41.2%  13.3%  3.1 

Source

2010 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2010. Data calculated by the Bay Area Council Economic Institute.

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