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

Kansas

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN KANSAS

 

Lead State Organization

This state doesn’t have a Lead State Organization.

 

Lead Local Organization

This state doesn’t have a Lead Local Organization. 

 

Click here to learn how to join the Network.

 

WHAT KANSAS CAN DO

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

Support Entrepreneurship: To increase the microenterprise ownership rate and capital available to small businesses, Kansas should implement a Self-Employment Assistance Program and fund its State Microenterprise Association.

Increase Incomes and Encourage Savings: To reduce income and asset poverty, Kansas should remove the disincentive to save for very low-income families by lifting asset limits for cash welfare and food assistance programs, and provide additional funding and support for its state Individual Development Account program.

Improve Financial Capability and Consumer Protections: To reduce the high numbers of consumers who are unbanked or underbanked, or who have subprime credit scores, Kansas should improve financial capability by requiring schools to offer financial education courses and testing student knowledge. In addition, the state should protect residents from predatory credit products by prohibiting or capping payday and auto-title loans.

Overall Rank: 18

Outcome Rankings

Issue Area Rank: 21 | Grade: C

Outcome Measure State Data US Data Rank
Income Poverty Rate 12.8% 14.6% 20
Asset Poverty Rate 22.2% 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 34.6% 43.9% 11
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 14.6% 17.5%
Net Worth $95,412 * $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 7.1% 8.2% 27
Underbanked Households 19.7% 20.1% 28
Households with Savings Accounts 67.8% 69.2% 36
Consumers with Subprime Credit 52.7% 56.4% 22
Borrowers 90+ Days Overdue 3.41% 4.33% 15
Average Credit Card Debt $7,166 $10,736 9
Bankruptcy Rate (per 1,000 people) 3.4 4.4 22
   
Additional Policies
Income Tax Threshold — $27,800
Tax Burden by Income — The poorest 20% of families pay 2.6 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 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.

Outcome Rankings

Issue Area Rank: 29 | Grade: C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 14.4% 16.7% 43
Small Business Ownership Rate 1.45% 1.34% 19
Business Ownership by Race 1.8 x higher
for white workers
1.5 x higher
for white workers
32
Business Ownership by Gender 1.1 x higher
for men
1.3 x higher
for men
10
Business Value by Race 2.7 x higher
for white bus. owners
2.6 x higher
for white bus. owners
32
Business Value by Gender 3.3 x higher
for men
2.6 x higher
for men
48
Business Creation Rate (per 1,000 workers) 8.0 9.2 37
Private Loans to Small Business $948 $1,148 44
Unemployment Rate 6.7% 8.9% 11
Unemployment by Race 2.1 x higher
for people
of color
1.7 x higher
for people
of color
37
Underemployment Rate 12.1% 15.9% 10
Low-Wage Jobs 24.3% 21.5% 32
Average Annual Pay $44,236 $48,043 31
Retirement Plan Participation 51.9% 44.6% 5
Employers Offering Health Insurance 55.2% 51.0% 12
   

Policy Ratings

Policy Priorities
0.5 State Support for Microenterprise
0 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 42.6% of average weekly wage
Unemployment Benefit Eligibility — Uses alternative base period; Part-time workers covered; Some benefits for compelling family reasons
Incentives for Employee Ownership — No state policy
Loans for Beginning Farmers — Has Aggie Bond Program

Footnotes

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

Outcome Rankings

Issue Area Rank: 10 | Grade: A

Outcome Measure State Data US Data Rank
Homeownership Rate 67.8% 64.6% 23
Homeownership by Race 1.5 x higher
for white HHs
1.6 x higher
for white HHs
19
Homeownership by Income 2.3 x higher
for top 20%
2.2 x higher
for top 20%
29
Homeownership by Gender 1.08 x higher
for single women
1.01 x higher
for single women
Homeownership by Family Structure 1.8 x higher
for 2-parent HHs
1.9 x higher
for 2-parent HHs
21
Foreclosure Rate 2.32% 4.27% 15
Delinquent Mortgage Loans 2.20% 3.04% 16
High-Cost Mortgage Loans 2.94% 2.47% 41
Affordability of Homes (value/income) 2.6 x higher than median income 3.4 x higher than median income 8
Housing Cost Burden - Homeowners 27.0% 36.9% 8
Housing Cost Burden - Renters 46.6% 53.4% 7
   
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 45.8% of LIHTC for preservation
Tenant Protections from Foreclosure — No protections beyond federal law
Property Tax Relief — Circuit breaker for homeowners and renters who are elderly, disabled or belong to other groups; No tax deferment
Resident Ownership of Manufactured Housing Communities — No protections for homeowners

Footnotes

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

Outcome Rankings

Issue Area Rank: 30 | Grade: C

Outcome Measure State Data US Data Rank
Uninsured Rate 14.3% 17.3% 22
Uninsured by Race 2.2 x higher
for people
of color
2 x higher
for people
of color
39
Uninsured by Income 4.9 x higher
for poorest 20%
3.5 x higher
for poorest 20%
47
Uninsured by Gender 1.1 x higher
for men
1.2 x higher
for men
13
Uninsured Low-Income Children 9.9% 10.7% 31
Uninsured Low-Income Parents 39.2% 34.5% 42
Employer-Provided Insurance Coverage 63.2% 57.4% 16
Employee Share of Premium 24.4% 26.4% 13
Out-of-Pocket Medical Expenses 18.5% 16.2%
   

Policy Ratings

Policy Priorities
0.25 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — COBRA expansion for 18 months
Healthcare Information Databases — Has database

Footnotes

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

Outcome Rankings

Issue Area Rank: 13 | Grade: B

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 25.1% 28.2% 21
Math Proficiency - 8th Grade 40.8% 34.7% 11
Reading Proficiency - 8th Grade 35.5% 33.5% 17
High School Degree 90.0% 85.9% 17
Two-Year College Degree 37.5% 36.3% 19
Four-Year College Degree 30.1% 28.5% 16
Four-Year Degree by Race 1.7 x higher
for white adults
1.6 x higher
for white adults
31
Four-Year Degree by Income 4.2 x higher
for top 20%
4.6 x higher
for top 20%
22
Four-Year Degree by Gender 1.02 x higher
for women
1.01 x higher
for men
Average College Graduate Debt $23,321 $26,600 18
College Graduates with Debt 64% 66% 30
Student Loan Default Rate 10.2% 13.4% 16
   
Additional Policies
State-Funded Head Start — No state supplement
Quality of State Pre-K Programs — Established state program; $2,640 per child enrolled; 7 of 10 quality standards met
Kindergarten Standards — Half Day Kindergarten; separate standards; no certificates or training required for teachers
State Financial Aid for Postsecondary Education — $121 per student; 99% need-based
TANF-Funded Workforce Training — 1.16% of funds spent on training
WIA-Funded Workforce Training — 12.7% of participants received training

Footnotes

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

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