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


CFED Assets & Opportunity Scorecard

Liquid Asset Poverty Rate


Percentage of households without sufficient liquid assets to subsist at the poverty level for three months in the absence of income, 2009.

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 three with liquid assets less than $4,632 in 2011 is 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.


Liquid asset poverty only includes resources that can easily be converted into cash, like checking and savings accounts. Liquid asset poverty is a more realistic picture of the resources families have to meet emergency needs since it excludes assets such as a home, car or business that are not easy to liquidate on short notice. The liquid asset poverty rate is higher than the asset poverty rate in every state, except the District of Columbia. For example, in Alabama 24.1% of households are asset poor, but the liquid asset poverty rate is 64.5% – more than 2.5 times higher.

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Liquid Asset Poverty Rate

StateLiquid Asset Poverty Rate (%)Rank
United States  43.1%   
Alabama  64.5%  39 
Alaska  38.8% ** N.R. 
Arizona  44.4%  25 
Arkansas  50.8%  34 
California  43.1%  23 
Colorado  42.0%  21 
Connecticut  35.2%  14 
Delaware  33.8% 
District of Columbia  37.2%  16 
Florida  48.4%  32 
Georgia  57.4%  38 
Hawaii  22.8% 
Idaho  44.3% ** N.R. 
Illinois  39.8%  18 
Indiana  42.2%  22 
Iowa  29.0% 
Kansas  35.0%  12 
Kentucky  47.3%  29 
Louisiana  46.8%  28 
Maine  48.0% ** N.R. 
Maryland  32.3% 
Massachusetts  34.9%  11 
Michigan  39.8%  19 
Minnesota  26.6% 
Mississippi  56.5%  37 
Missouri  38.2%  17 
Montana  39.8% * N.R. 
Nebraska  26.0% * N.R. 
Nevada  52.2%  35 
New Hampshire  24.1% 
New Jersey  41.2%  20 
New Mexico  49.1% ** N.R. 
New York  46.4%  27 
North Carolina  46.3%  26 
North Dakota  35.1%  13 
Ohio  43.6%  24 
Oklahoma  48.2%  31 
Oregon  37.6% ** N.R. 
Pennsylvania  34.6%  10 
Rhode Island  33.5% 
South Carolina  47.6%  30 
South Dakota  43.4% ** N.R. 
Tennessee  53.5%  36 
Texas  50.6%  33 
Utah  35.0% ** N.R. 
Vermont  —  — 
Virginia  35.9%  15 
Washington  30.7% 
West Virginia  55.6% ** N.R. 
Wisconsin  33.2% 
Wyoming  46.4% ** N.R. 


Survey of Income and Program Participation, 2008 Panel, Wave 4. Washington, DC: U.S. Department of Commerce, Census Bureau, 2009. 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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