CFED Scorecard

CFED Assets & Opportunity Scorecard

Financial Assets & Income
Liquid Asset Poverty by Race

Ratio of the liquid asset poverty rate of white, non-Hispanic households to households of color (Black or African-American; Asian; Hispanic or Latino; other races), 2011.

Liquid asset poverty by race describes the disparity in liquid asset poverty rates between white households and households of color. Liquid asset poverty is significantly higher for households of color, indicating that these households are more vulnerable to a financial crisis and are less able to meet emergency financial needs. For example, households of color in Wisconsin are 2.3 times more likely to be liquid asset poor than white households.  

Liquid Asset Poverty by Race, 2011

StateLiquid Asset Poverty,
White Households (%)
Liquid Asset Poverty,
Households of Color (%)
Ratio
United States  34.7%  60.6%  1.75 
Alabama  55.1%  77.2%  1.40 
Alaska  —  —  — 
Arizona  33.0%  67.4%  2.04 
Arkansas  46.6%  —  — 
California  32.5%  51.7%  1.59 
Colorado  32.5%  —  — 
Connecticut  29.5%  —  — 
Delaware  22.7% * —  — 
District of Columbia  —  —  — 
Florida  37.5%  62.5%  1.67 
Georgia  48.4%  66.0%  1.36 
Hawaii  —  30.2% * — 
Idaho  40.5% * —  — 
Illinois  30.1%  55.9%  1.86 
Indiana  38.7%  60.9%  1.57 
Iowa  22.6%  —  — 
Kansas  26.4%  —  — 
Kentucky  48.7%  —  — 
Louisiana  39.6%  69.5%  1.75 
Maine  43.6%  —  — 
Maryland  24.0%  49.1%  2.05 
Massachusetts  30.1%  53.9%  1.79 
Michigan  32.0%  66.3%  2.07 
Minnesota  23.6%  —  — 
Mississippi  50.7%  76.3%  1.50 
Missouri  34.2%  62.1%  1.81 
Montana  35.1% * —  — 
Nebraska  21.7% * —  — 
Nevada  38.8% * —  — 
New Hampshire  19.0% * —  — 
New Jersey  29.3%  50.6%  1.73 
New Mexico  31.4%  —  — 
New York  32.9%  67.1%  2.04 
North Carolina  41.3%  67.4%  1.63 
North Dakota  28.3%  —  — 
Ohio  39.1%  69.4%  1.78 
Oklahoma  42.5%  66.0%  1.55 
Oregon  29.1%  —  — 
Pennsylvania  31.4%  64.0%  2.04 
Rhode Island  36.1%  —  — 
South Carolina  37.8%  68.1%  1.80 
South Dakota  —  —  — 
Tennessee  44.9%  71.6%  1.59 
Texas  37.6%  54.1%  1.44 
Utah  28.5% * —  — 
Vermont  20.5% * —  — 
Virginia  28.8%  55.8%  1.94 
Washington  28.8%  34.2%  1.19 
West Virginia  47.4% * —  — 
Wisconsin  28.6%  66.3%  2.32 
Wyoming  —  —  — 

Notes on the Data

* 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.

Definition

Ratio of the liquid asset poverty rate of white, non-Hispanic households to households of color (Black or African-American; Asian; Hispanic or Latino; other races), 2011.

Calculated by dividing the higher value by the lower value, i.e., the liquid asset poverty rate of households of color divided by white households.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality.

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 due to insufficient data at the state level. For more information on how we measured precision and to download margin of error data for each state, see here.

Source

Survey of Income and Program Participation, 2008 Panel, Wave 10. Washington, DC: U.S. Department of Commerce, Census Bureau, 2013. Data calculated by Haveman Economic Consulting.

 "—" indicates that no data is available, or data is suppressed due to a margin of error that is greater than 50% of the estimate.

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