CFED Scorecard

CFED Assets & Opportunity Scorecard

Texas Reports & Graphics
Overall
Outcome Rank
Overall
Policy Rank
Outcome Rankings Policy Rankings
Financial Assets & Income 39 Financial Assets & Income 48
Businesses & Jobs 34 Businesses & Jobs 21
Housing & Homeownership 15 Housing & Homeownership 11
Health Care 51 Health Care 17
Education 33 Education 34

Connect to the A&O Network in Texas
Unbanked Households in TX
If Texas improved to the performance of the best state, there would be:
964,690 fewer unbanked households

OUTCOME RANKINGS
Issue Area Rank: 39 | GRADE D

Outcome Measure State Data US Data Rank
Income Poverty Rate 16.0% 14.7% 39
Asset Poverty Rate 23.8% 25.4%
Asset Poverty by Race 2.2 x higher
for HHs
of color
2.2 x higher
for HHs
of color
Asset Poverty by Gender 1.07 x higher
for single women
1.15 x higher
for single women
Asset Poverty by Family Structure 1.9 x higher
for 1-parent HHs
2.2 x higher
for 1-parent HHs
Liquid Asset Poverty Rate 49.8% 43.5% 30
Liquid Asset Poverty by Race 1.4 x higher
for HHs
of color
1.7 x higher
for HHs
of color
Liquid Asset Poverty by Gender 1.1 x higher
for single women
1.09 x higher
for single women
Liquid Asset Poverty by Family Structure 1.6 x higher
for 1-parent HHs
1.9 x higher
for 1-parent HHs
Extreme Asset Poverty Rate 14.6% 17.0%
Net Worth $53,452 $70,359
Unbanked Households 12.8% 8.2% 50
Underbanked Households 27.2% 20.1% 47
Households with Savings Accounts 62.8% 69.2% 42
Consumers with Subprime Credit 64.9% 56.3% 48
Borrowers 90+ Days Overdue 4.03% 3.63% 40
Average Credit Card Debt $6,602 $10,221 6
Bankruptcy Rate (per 1,000 people) 1.7 3.7 6

POLICY RANKINGS
Issue Area Rank: 48 | 2 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.

Microenterprise Ownership Rate in TX
If Texas improved to the performance of the best state, there would be:
440,157 more workers owning microenterprises

OUTCOME RANKINGS
Issue Area Rank: 34 | GRADE C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 17.3% 16.5% 11
Small Business Ownership Rate 1.23% 1.36% 48
Business Ownership by Race 1.7 x higher
for white workers
1.5 x higher
for white workers
25
Business Ownership by Gender 1.2 x higher
for men
1.3 x higher
for men
12
Business Value by Race 3.3 x higher
for white bus. owners
2.6 x higher
for white bus. owners
41
Business Value by Gender 2.5 x higher
for men
2.6 x higher
for men
18
Business Creation Rate (per 1,000 workers) 7.0 9.3 46
Private Loans to Small Business $1,025 $1,155 37
Unemployment Rate 6.3% 7.6% 15
Unemployment by Race 1.8 x higher
for workers
of color
1.7 x higher
for workers
of color
28
Underemployment Rate 11.5% 14.1% 13
Low-Wage Jobs 27.8% 21.0% 42
Average Annual Pay $51,983 $49,289 5
Retirement Plan Participation 37.6% 44.2% 48
Employers Offering Health Insurance 46.5% 50.1% 35

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.

Foreclosure Rate in TX
If Texas improved to the performance of the best state, there would be:
19,689 fewer home loans in foreclosure

OUTCOME RANKINGS
Issue Area Rank: 15 | GRADE B

Outcome Measure State Data US Data Rank
Homeownership Rate 62.3% 63.9% 43
Homeownership by Race 1.3 x higher
for white HHs
1.6 x higher
for white HHs
6
Homeownership by Income 2.2 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
18
Foreclosure Rate 1.46% 3.33% 9
Delinquent Mortgage Loans 2.15% 2.55% 24
High-Cost Mortgage Loans 5.82% 3.57% 46
Affordability of Homes (value/income) 2.5 x higher than median income 3.3 x higher than median income 5
Housing Cost Burden - Homeowners 29.2% 33.9% 17
Housing Cost Burden - Renters 48.2% 52.0% 12

POLICY RANKINGS
Issue Area Rank: 11 | 8 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 Low-Income Children in TX
If Texas improved to the performance of the best state, there would be:
448,355 more low-income children with health insurance

OUTCOME RANKINGS
Issue Area Rank: 51 | GRADE F

Outcome Measure State Data US Data Rank
Uninsured Rate 25.0% 16.9% 50
Uninsured by Race 2.1 x higher
for people
of color
2 x higher
for people
of color
35
Uninsured by Income 4 x higher
for poorest 20%
4.4 x higher
for poorest 20%
20
Uninsured by Gender 1.1 x higher
for men
1.2 x higher
for men
3
Uninsured Low-Income Children 14.9% 10.0% 47
Uninsured Low-Income Parents 54.3% 35.0% 51
Employer-Provided Insurance Coverage 50.5% 57.4% 47
Employee Share of Premium 31.0% 27.4% 46
Out-of-Pocket Medical Expenses 12.4% 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.

Four-Year College Degree in TX
If Texas improved to the performance of the best state, there would be:
4,296,838 more adults with 4-year college degrees

OUTCOME RANKINGS
Issue Area Rank: 33 | GRADE C

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 37.2% 27.6% 9
Math Proficiency - 8th Grade 37.9% 35.5% 18
Reading Proficiency - 8th Grade 30.8% 36.1% 38
High School Graduation Rate 88.0% 2
High School Degree 81.4% 86.4% 51
Two-Year College Degree 33.3% 37.1% 40
Four-Year College Degree 26.7% 29.1% 32
Four-Year Degree by Race 2.1 x higher
for white adults
1.6 x higher
for white adults
47
Four-Year Degree by Income 5.2 x higher
for top 20%
5 x higher
for top 20%
35
Four-Year Degree by Gender 1.01 x higher
for men
1.0 - nearly equal
for women & men
Average College Graduate Debt $24,030 $29,400 19
College Graduates with Debt 56% 71% 15
Student Loan Default Rate 17.3% 14.7% 45

POLICY RANKINGS
Issue Area Rank: 34 | 5 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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