CFED Scorecard

CFED Assets & Opportunity Scorecard

Oklahoma Reports & Graphics
Overall
Outcome Rank
Overall
Policy Rank
Outcome Rankings Policy Rankings
Financial Assets & Income 38 Financial Assets & Income 16
Businesses & Jobs 21 Businesses & Jobs 21
Housing & Homeownership 7 Housing & Homeownership 36
Health Care 42 Health Care 17
Education 40 Education 5

Connect to the A&O Network in Oklahoma
Liquid Asset Poverty Rate in OK
If Oklahoma improved to the performance of the best state, there would be:
330,241 fewer liquid asset poor households

OUTCOME RANKINGS
Issue Area Rank: 38 | GRADE D

Outcome Measure State Data US Data Rank
Income Poverty Rate 16.2% 14.7% 40
Asset Poverty Rate 20.3% * 25.4%
Asset Poverty by Race 1.8 x higher
for HHs
of color
2.2 x higher
for HHs
of color
Asset Poverty by Gender 1.09 x higher
for single women
1.15 x higher
for single women
Asset Poverty by Family Structure 2.2 x higher
for 1-parent HHs
Liquid Asset Poverty Rate 49.1% 43.5% 29
Liquid Asset Poverty by Race 1.6 x higher
for HHs
of color
1.7 x higher
for HHs
of color
Liquid Asset Poverty by Gender 1.03 x higher
for single men
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 12.9% * 17.0%
Net Worth $53,881 $70,359
Unbanked Households 10.9% 8.2% 42
Underbanked Households 23.2% 20.1% 43
Households with Savings Accounts 60.0% 69.2% 45
Consumers with Subprime Credit 62.6% 56.3% 44
Borrowers 90+ Days Overdue 3.98% 3.63% 37
Average Credit Card Debt $6,409 $10,221 3
Bankruptcy Rate (per 1,000 people) 3.1 3.7 23

POLICY RANKINGS
Issue Area Rank: 16 | 9 of 20 policies adopted

Policy Priorities
Automatic Direct Deposit
Automatic direct deposit?
Child Tax Credit and Child and Dependent Care Tax Credit
CTC or CDCTC enacted?
Debt Collection and Bankruptcy
At least 2 major assets protected?
Lifting Asset Limits in Public Benefit Programs
Eliminated TANF asset test?
Eliminated SNAP asset test?
Protections from Predatory Debt Settlement Practices
Debt settlement protections?
Protections from Predatory Short-Term Loans
Protect against payday lending?
Protect against car-title lending?
Protect against short-term installment loans?
Prize-Linked Savings
Prize-linked savings?
State Earned Income Tax Credit
State EITC?
Refundable EITC?
State EITC is 15% of federal?
Statewide Financial Access Programs
Statewide financial access program?
State Support for Individual Development Accounts
State funding?
State Tax Fairness
State income tax?
Progressive State Tax Rate?
Tax Preparation Regulation
Regulate tax preparers?
Ban add-on fees?
Unemployment Compensation Using Prepaid Cards
Low-fee UI prepaid card?

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.

Low-Wage Jobs in OK
If Oklahoma improved to the performance of the best state, there would be:
408,458 fewer jobs in low-wage occupations

OUTCOME RANKINGS
Issue Area Rank: 21 | GRADE C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 16.8% 16.5% 13
Small Business Ownership Rate 1.48% 1.36% 18
Business Ownership by Race 1.8 x higher
for white workers
1.5 x higher
for white workers
30
Business Ownership by Gender 1.2 x higher
for men
1.3 x higher
for men
15
Business Value by Race 2.3 x higher
for white bus. owners
2.6 x higher
for white bus. owners
17
Business Value by Gender 2.3 x higher
for men
2.6 x higher
for men
8
Business Creation Rate (per 1,000 workers) 8.0 9.3 38
Private Loans to Small Business $1,015 $1,155 39
Unemployment Rate 5.5% 7.6% 12
Unemployment by Race 1.7 x higher
for workers
of color
1.7 x higher
for workers
of color
24
Underemployment Rate 10.1% 14.1% 7
Low-Wage Jobs 31.9% 21.0% 48
Average Annual Pay $45,600 $49,289 30
Retirement Plan Participation 42.9% 44.2% 40
Employers Offering Health Insurance 50.7% 50.1% 20

POLICY RANKINGS
Issue Area Rank: 21 | 2 of 10 policies adopted

Policy Priorities
Loans for Beginning Farmers
Aggie Bond program?
Minimum Wage
Adequate minimum wage?
All classes of workers covered by state minimum wage?
Paid Leave
Paid leave required?
Expanded FMLA?
Support for Unemployed Entrepreneurs
Active SEA program?
State Support for Microenterprise
CDBG funding?
TANF/WIA funding?
Unemployment Benefits
Adequate benefit?
Expanded eligibility enacted?

Footnotes

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

Homeownership Rate in OK
If Oklahoma improved to the performance of the best state, there would be:
80,931 more homeowners

OUTCOME RANKINGS
Issue Area Rank: 7 | GRADE A

Outcome Measure State Data US Data Rank
Homeownership Rate 66.4% 63.9% 27
Homeownership by Race 1.4 x higher
for white HHs
1.6 x higher
for white HHs
7
Homeownership by Income 2.1 x higher
for top 20%
2.2 x higher
for top 20%
13
Homeownership by Gender 1.01 x higher
for single men
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
9
Foreclosure Rate 3.06% 3.33% 33
Delinquent Mortgage Loans 2.11% 2.55% 20
High-Cost Mortgage Loans 5.80% 3.57% 45
Affordability of Homes (value/income) 2.6 x higher than median income 3.3 x higher than median income 6
Housing Cost Burden - Homeowners 26.1% 33.9% 10
Housing Cost Burden - Renters 47.8% 52.0% 9

POLICY RANKINGS
Issue Area Rank: 36 | 5 of 15 policies adopted

Policy Priorities
Foreclosure Regulations
Third-party review?
Mortgage servicer regulation?
First-Time Homebuyer Assistance
Downpayment assistance?
Direct lending?
Homeownership counseling?
Targeted MCCs?
Housing Trust Funds
Housing trust fund?
Protection from Discrimination for Low-Income Renters
Section 8 protections?
Post-Foreclosure Protections
Deficiency judgments limited/abolished?
Preservation of Affordable Rental Housing
30 year LIHTC affordability required?
Property Tax Relief
Well-targeted circuit-breaker?
Redeveloping Foreclosed Properties
Land banking enabled?
Resident Ownership and Titling of Manufactured Homes
Encourages resident ownership?
Titling as real property?
Tenant Protections from Foreclosure
Tenant foreclosure protections?

Footnotes

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

Uninsured Rate in OK
If Oklahoma improved to the performance of the best state, there would be:
538,458 more people with health insurance

OUTCOME RANKINGS
Issue Area Rank: 42 | GRADE D

Outcome Measure State Data US Data Rank
Uninsured Rate 21.2% 16.9% 45
Uninsured by Race 1.8 x higher
for people
of color
2 x higher
for people
of color
26
Uninsured by Income 3.2 x higher
for poorest 20%
4.4 x higher
for poorest 20%
6
Uninsured by Gender 1.1 x higher
for men
1.2 x higher
for men
12
Uninsured Low-Income Children 11.9% 10.0% 42
Uninsured Low-Income Parents 41.5% 35.0% 46
Employer-Provided Insurance Coverage 52.4% 57.4% 41
Employee Share of Premium 30.1% 27.4% 39
Out-of-Pocket Medical Expenses 14.2%

POLICY RANKINGS
Issue Area Rank: 17 | 2 of 4 policies adopted

Policy Priorities
Expanded COBRA Coverage
Expanded COBRA coverage?
Limitations on Hospital Charges, Billing and Collections
Limits charges, billing or collections?
Medicaid and CHIP: Simplified Procedures for Children
2 of 3 procedures implemented?
Medicaid Expansion
Medicaid expansion?

Footnotes

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

Student Loan Default Rate in OK
If Oklahoma improved to the performance of the best state, there would be:
5,653 fewer borrowers defaulting on their student loans

OUTCOME RANKINGS
Issue Area Rank: 40 | GRADE D

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 50.5% 27.6% 1
Math Proficiency - 8th Grade 25.0% 35.5% 45
Reading Proficiency - 8th Grade 28.7% 36.1% 43
High School Graduation Rate
High School Degree 86.7% 86.4% 33
Two-Year College Degree 31.0% 37.1% 43
Four-Year College Degree 23.8% 29.1% 43
Four-Year Degree by Race 1.6 x higher
for white adults
1.6 x higher
for white adults
27
Four-Year Degree by Income 5 x higher
for top 20%
5 x higher
for top 20%
31
Four-Year Degree by Gender 1.03 x higher
for women
1.0 - nearly equal
for women & men
Average College Graduate Debt $23,636 $29,400 16
College Graduates with Debt 53% 71% 9
Student Loan Default Rate 18.4% 14.7% 48

POLICY RANKINGS
Issue Area Rank: 5 | 9 of 18 policies adopted

Policy Priorities
Access to Early Education
Sufficient funding?
7 of 10 quality standards met?
Access to Quality K-12 Education
Adequate education spending?
Targeted education spending?
Strong teacher evaluation and retention?
College Savings Incentives
529 matching programs?
Partnerships with large entities?
Minimized savings barriers?
Full-Day Kindergarten
Full-day kindergarten required?
Financial Education in Schools
Personal finance required and assessed?
In-State Tuition for Undocumented Students
In-state tuition?
Postsecondary Education Financial Aid
Adequate financial aid funding?
Well-targeted financial aid?
State-Funded Head Start
Head Start grant?
Student Protections from Deceptive For-Profit Schools
Tuition compensation?
Online regulation?
State Support for Public Colleges and Universities
Adequate funding for public colleges?
WIA-Funded Workforce Training
Adequate workforce training funding?

Footnotes

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

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