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

Nebraska

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN NEBRASKA

 

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WHAT NEBRASKA CAN DO

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

Increase Incomes and Savings: To reduce income poverty and increase low average annual pay, Nebraska should raise the state minimum wage and increase its state Earned Income Tax Credit. To decrease asset poverty, Nebraska should remove the disincentive to save for very low-income families by lifting asset limits in the Temporary Assistance for Needy Families program and child care subsidy program.   Nebraska should also establish state funding for Individual Development Account (IDA) programs.

Expand Health Care Coverage: To lower its uninsured rate, particularly among low-income households and people of color, Nebraska should expand coverage by taking up the new Medicaid option allowable under the Affordable Care Act (ACA) and implementing procedures that facilitate enrollment and renewal of coverage in CHIP and Medicaid.

Reduce Disparities in Educational attainment and Business Ownership: To increase college attainment by people of color Nebraska should match the savings of families in the state 529 college savings plan. To increase the business ownership rate by people of color, Nebraska should target its microenterprise programs to this group. 

Overall Rank: 19

Outcome Rankings

Issue Area Rank: 6 | Grade: A

Outcome Measure State Data US Data Rank
Income Poverty Rate 12.8% 14.6% 19
Asset Poverty Rate 21.1% 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 28.5% * 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 13.8% * 17.5%
Net Worth $90,516 * $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 3.7% 8.2% 4
Underbanked Households 17.8% 20.1% 14
Households with Savings Accounts 73.3% 69.2% 22
Consumers with Subprime Credit 47.8% 56.4% 7
Borrowers 90+ Days Overdue 2.63% 4.33% 2
Average Credit Card Debt $6,632 $10,736 5
Bankruptcy Rate (per 1,000 people) 3.5 4.4 23
   
Additional Policies
Income Tax Threshold — $27,700
Tax Burden by Income — The poorest 20% of families pay 1.9 times more of their income in taxes than the top 1% of families
Prize-Linked Savings — Legislation passed to allow prize-linked savings; program implemented
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: 36 | Grade: C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 15.0% 16.7% 39
Small Business Ownership Rate 1.52% 1.34% 14
Business Ownership by Race 2.4 x higher
for white workers
1.5 x higher
for white workers
46
Business Ownership by Gender 1.2 x higher
for men
1.3 x higher
for men
14
Business Value by Race 2.6 x higher
for white bus. owners
2.6 x higher
for white bus. owners
29
Business Value by Gender 2.9 x higher
for men
2.6 x higher
for men
36
Business Creation Rate (per 1,000 workers) 8.6 9.2 32
Private Loans to Small Business $1,126 $1,148 28
Unemployment Rate 4.5% 8.9% 2
Unemployment by Race 2.7 x higher
for people
of color
1.7 x higher
for people
of color
47
Underemployment Rate 8.9% 15.9% 2
Low-Wage Jobs 25.1% 21.5% 34
Average Annual Pay $42,427 $48,043 40
Retirement Plan Participation 48.5% 44.6% 22
Employers Offering Health Insurance 42.0% 51.0% 47
   

Policy Ratings

Policy Priorities
0.75 State Support for Microenterprise
0 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 36.0% of average weekly wage
Unemployment Benefit Eligibility — Uses alternative base period; Part-time workers covered; 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: 9 | Grade: A

Outcome Measure State Data US Data Rank
Homeownership Rate 66.9% 64.6% 31
Homeownership by Race 1.6 x higher
for white HHs
1.6 x higher
for white HHs
32
Homeownership by Income 2.2 x higher
for top 20%
2.2 x higher
for top 20%
24
Homeownership by Gender 1.01 x higher
for single men
1.01 x higher
for single women
Homeownership by Family Structure 1.9 x higher
for 2-parent HHs
1.9 x higher
for 2-parent HHs
34
Foreclosure Rate 1.40% 4.27% 4
Delinquent Mortgage Loans 1.56% 3.04% 6
High-Cost Mortgage Loans 2.72% 2.47% 38
Affordability of Homes (value/income) 2.5 x higher than median income 3.4 x higher than median income 3
Housing Cost Burden - Homeowners 24.9% 36.9% 3
Housing Cost Burden - Renters 43.6% 53.4% 4
   
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 6.3% 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 or disabled; 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: 36 | Grade: C

Outcome Measure State Data US Data Rank
Uninsured Rate 13.1% 17.3% 17
Uninsured by Race 2.5 x higher
for people
of color
2 x higher
for people
of color
45
Uninsured by Income 6.1 x higher
for poorest 20%
3.5 x higher
for poorest 20%
51
Uninsured by Gender 1.2 x higher
for men
1.2 x higher
for men
20
Uninsured Low-Income Children 10.1% 10.7% 32
Uninsured Low-Income Parents 33.2% 34.5% 24
Employer-Provided Insurance Coverage 62.5% 57.4% 19
Employee Share of Premium 28.7% 26.4% 32
Out-of-Pocket Medical Expenses 16.2%
   

Policy Ratings

Policy Priorities
0.25 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — COBRA expansion for 12 months
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: 18 | Grade: B

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 26.7% 28.2% 20
Math Proficiency - 8th Grade 32.8% 34.7% 29
Reading Proficiency - 8th Grade 34.8% 33.5% 23
High School Degree 91.0% 85.9% 7
Two-Year College Degree 37.5% 36.3% 20
Four-Year College Degree 27.9% 28.5% 23
Four-Year Degree by Race 1.9 x higher
for white adults
1.6 x higher
for white adults
40
Four-Year Degree by Income 3.8 x higher
for top 20%
4.6 x higher
for top 20%
17
Four-Year Degree by Gender 1.02 x higher
for women
1.01 x higher
for men
Average College Graduate Debt $24,287 $26,600 25
College Graduates with Debt 63% 66% 26
Student Loan Default Rate 8.7% 13.4% 7
   
Additional Policies
State-Funded Head Start — No state supplement
Quality of State Pre-K Programs — Established state program; $2,656 per child enrolled; 6 of 10 quality standards met
Kindergarten Standards — Half Day Kindergarten; no standards; no certificates or training required for teachers
State Financial Aid for Postsecondary Education — $163 per student; 100% need-based
TANF-Funded Workforce Training — 0% of funds spent on training
WIA-Funded Workforce Training — 75.2% 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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