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

Education

CFED Assets & Opportunity Scorecard

Idaho

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN IDAHO

 

Lead State Organization

Idaho Asset Building Network

 

Lead Local Organization

Partners for Prosperity
Eastern Idaho

 

Click here to learn how to join the Network.

 

WHAT IDAHO CAN DO

There are many policies that Idaho could enact to improve its climate for asset building and preservation:

Expand Health Care Coverage: To increase health care coverage, particularly among low-income children and parents, Idaho should increase income eligibility thresholds for public health care programs.

Increase College Attainment:  To increase college attainment rates and reduce disparities by race, Idaho should invest in early education and create incentives for college savings by matching deposits into 529 accounts and minimizing barriers to education savings.

Improve Job Quality: To improve job quality, Idaho should increase the state minimum wage and expand federal job quality laws to cover more Idaho workers.

Overall Rank: 24

Outcome Rankings

Issue Area Rank: 24 | Grade: C

Outcome Measure State Data US Data Rank
Income Poverty Rate 15.1% 14.6% 32
Asset Poverty Rate 31.9% * 26.0%
Asset Poverty by Race 2.1 x higher
for HHs
of color
Asset Poverty by Gender 1.1 x higher
for single women
Asset Poverty by Family Structure 2.2 x higher
for 1-parent HHs
Liquid Asset Poverty Rate 44.2% ** 43.9% N.R.
Liquid Asset Poverty by Race 1.8 x higher
for HHs
of color
Liquid Asset Poverty by Gender 1.09 x higher
for single women
Liquid Asset Poverty by Family Structure 1.9 x higher
for 1-parent HHs
Extreme Asset Poverty Rate 24.4% * 17.5%
Net Worth $59,618 * $68,948
Net Worth by Race 10.3 x higher
for white HHs
Net Worth by Income 68 x higher
for top 20%
Net Worth by Gender 1.18 x higher
for single men
Net Worth by Family Structure 22 x higher
for 2-parent HHs
Unbanked Households 5.7% 8.2% 20
Underbanked Households 19.0% 20.1% 20
Households with Savings Accounts 76.1% 69.2% 12
Consumers with Subprime Credit 53.1% 56.4% 25
Borrowers 90+ Days Overdue 4.05% 4.33% 27
Average Credit Card Debt $9,906 $10,736 25
Bankruptcy Rate (per 1,000 people) 4.6 4.4 35
   
Additional Policies
Income Tax Threshold — $19,700
Tax Burden by Income — The poorest 20% of families pay 1.3 times more of their income in taxes than the top 1% of families
Prize-Linked Savings — Prize-linked savings not allowed
Paperless Payday — Paperless payday not permitted

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

* 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.

Outcome Rankings

Issue Area Rank: 10 | Grade: A

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 17.7% 16.7% 11
Small Business Ownership Rate 1.59% 1.34% 7
Business Ownership by Race 1.8 x higher
for white workers
1.5 x higher
for white workers
29
Business Ownership by Gender 1.03 x higher
for men
1.3 x higher
for men
2
Business Value by Race 1.9 x higher
for white bus. owners
2.6 x higher
for white bus. owners
8
Business Value by Gender 2.3 x higher
for men
2.6 x higher
for men
7
Business Creation Rate (per 1,000 workers) 14.3 9.2 3
Private Loans to Small Business $1,560 $1,148 4
Unemployment Rate 8.7% 8.9% 30
Unemployment by Race 1.3 x higher
for people
of color
1.7 x higher
for people
of color
4
Underemployment Rate 16.1% 15.9% 37
Low-Wage Jobs 26.8% 21.5% 39
Average Annual Pay $38,103 $48,043 50
Retirement Plan Participation 44.6% 44.6% 38
Employers Offering Health Insurance 41.3% 51.0% 49
   

Policy Ratings

Policy Priorities
0 State Support for Microenterprise
0 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 37.1% of average weekly wage
Unemployment Benefit Eligibility — Uses alternative base period; Part-time workers covered; No benefits for compelling family reasons
Incentives for Employee Ownership — No state policy
Loans for Beginning Farmers — No state policy

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 11 | Grade: B

Outcome Measure State Data US Data Rank
Homeownership Rate 68.7% 64.6% 17
Homeownership by Race 1.3 x higher
for white HHs
1.6 x higher
for white HHs
3
Homeownership by Income 2.2 x higher
for top 20%
2.2 x higher
for top 20%
18
Homeownership by Gender 1.06 x higher
for single women
1.01 x higher
for single women
Homeownership by Family Structure 1.7 x higher
for 2-parent HHs
1.9 x higher
for 2-parent HHs
10
Foreclosure Rate 2.91% 4.27% 22
Delinquent Mortgage Loans 2.05% 3.04% 13
High-Cost Mortgage Loans 1.59% 2.47% 19
Affordability of Homes (value/income) 3.7 x higher than median income 3.4 x higher than median income 31
Housing Cost Burden - Homeowners 36.8% 36.9% 33
Housing Cost Burden - Renters 51.5% 53.4% 23
   
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 29.5% of LIHTC for preservation
Tenant Protections from Foreclosure — Has protections beyond federal law
Property Tax Relief — Circuit breaker for homeowners who are elderly, disabled or belong to other groups; Tax deferment
Resident Ownership of Manufactured Housing Communities — Medium strength protections; 15 days closure notice; No opportunity to purchase or tax incentive

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 38 | Grade: D

Outcome Measure State Data US Data Rank
Uninsured Rate 18.9% 17.3% 37
Uninsured by Race 1.8 x higher
for people
of color
2 x higher
for people
of color
24
Uninsured by Income 3.5 x higher
for poorest 20%
3.5 x higher
for poorest 20%
27
Uninsured by Gender 1.1 x higher
for men
1.2 x higher
for men
2
Uninsured Low-Income Children 13.3% 10.7% 43
Uninsured Low-Income Parents 37.2% 34.5% 35
Employer-Provided Insurance Coverage 54.4% 57.4% 37
Employee Share of Premium 30.2% 26.4% 38
Out-of-Pocket Medical Expenses 16.2%
   

Policy Ratings

Policy Priorities
0.5 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — No state policy
Healthcare Information Databases — Does not have database

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 37 | Grade: D

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 9.8% 28.2% 50
Math Proficiency - 8th Grade 36.9% 34.7% 22
Reading Proficiency - 8th Grade 33.9% 33.5% 25
High School Degree 88.6% 85.9% 24
Two-Year College Degree 34.2% 36.3% 34
Four-Year College Degree 25.2% 28.5% 38
Four-Year Degree by Race 1.9 x higher
for white adults
1.6 x higher
for white adults
42
Four-Year Degree by Income 3.6 x higher
for top 20%
4.6 x higher
for top 20%
12
Four-Year Degree by Gender 1.12 x higher
for men
1.01 x higher
for men
Average College Graduate Debt $24,134 $26,600 23
College Graduates with Debt 66% 66% 38
Student Loan Default Rate 10.8% 13.4% 21
   
Additional Policies
State-Funded Head Start — $1,500,000 in supplemental funds
Quality of State Pre-K Programs — No established state program
Kindergarten Standards — No Kindergarten offered; no standards; no certificates or training required for teachers
State Financial Aid for Postsecondary Education — $72 per student; 26% need-based
TANF-Funded Workforce Training — 0.26% of funds spent on training
WIA-Funded Workforce Training — 79.7% of participants received training

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Copyright © 2016 CFED — Corporation for Enterprise Development 1200 G Street, NW Suite 400 Washington, DC 20005 202.408.9788