CFED Scorecard

CFED Assets & Opportunity Scorecard

Vermont Reports & Graphics
Overall
Outcome Rank
Overall
Policy Rank
Outcome Rankings Policy Rankings
Financial Assets & Income 4 Financial Assets & Income 6
Businesses & Jobs 3 Businesses & Jobs 9
Housing & Homeownership 23 Housing & Homeownership 1
Health Care 2 Health Care 6
Education 1 Education 41

Connect to the A&O Network in Vermont
Underbanked Households in VT
If Vermont improved to the performance of the best state, there would be:
12,611 fewer underbanked households
 

OUTCOME RANKINGS
Issue Area Rank: 4 | GRADE A

Outcome Measure State Data US Data Rank
Income Poverty Rate 11.7% 14.7% 12
Asset Poverty Rate 26.7% * 25.4%
Asset Poverty by Race 2.2 x higher
for HHs
of color
Asset Poverty by Gender 1.15 x higher
for single women
Asset Poverty by Family Structure 2.2 x higher
for 1-parent HHs
Liquid Asset Poverty Rate 27.0% * 43.5% N.R.
Liquid Asset Poverty by Race 1.7 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 12.6% * 17.0%
Net Worth $70,359
Unbanked Households 3.4% 8.2% 3
Underbanked Households 17.4% 20.1% 12
Households with Savings Accounts 76.1% 69.2% 12
Consumers with Subprime Credit 46.7% 56.3% 4
Borrowers 90+ Days Overdue 2.71% 3.63% 9
Average Credit Card Debt $9,667 $10,221 27
Bankruptcy Rate (per 1,000 people) 1.6 3.7 4

POLICY RANKINGS
Issue Area Rank: 6 | 11 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.

Small Business Ownership Rate in VT
If Vermont improved to the performance of the best state, there would be:
858 more workers owning small businesses
 

OUTCOME RANKINGS
Issue Area Rank: 3 | GRADE A

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 19.1% 16.5% 4
Small Business Ownership Rate 1.81% 1.36% 6
Business Ownership by Race 1.4 x higher
for white workers
1.5 x higher
for white workers
8
Business Ownership by Gender 1.4 x higher
for men
1.3 x higher
for men
35
Business Value by Race 1.1 x higher
for white bus. owners
2.6 x higher
for white bus. owners
1
Business Value by Gender 2.7 x higher
for men
2.6 x higher
for men
28
Business Creation Rate (per 1,000 workers) 12.8 9.3 10
Private Loans to Small Business $924 $1,155 44
Unemployment Rate 4.4% 7.6% 4
Unemployment by Race 1.9 x higher
for workers
of color
1.7 x higher
for workers
of color
31
Underemployment Rate 9.4% 14.1% 6
Low-Wage Jobs 11.1% 21.0% 6
Average Annual Pay $40,844 $49,289 46
Retirement Plan Participation 49.0% 44.2% 15
Employers Offering Health Insurance 50.8% 50.1% 19

POLICY RANKINGS
Issue Area Rank: 9 | 4 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 VT
If Vermont improved to the performance of the best state, there would be:
2,518 more homeowners
 

OUTCOME RANKINGS
Issue Area Rank: 23 | GRADE C

Outcome Measure State Data US Data Rank
Homeownership Rate 71.0% 63.9% 6
Homeownership by Race 1.9 x higher
for white HHs
1.6 x higher
for white HHs
44
Homeownership by Income 1.9 x higher
for top 20%
2.2 x higher
for top 20%
3
Homeownership by Gender 1.04 x higher
for single women
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
13
Foreclosure Rate 3.70% 3.33% 41
Delinquent Mortgage Loans 1.36% 2.55% 6
High-Cost Mortgage Loans 2.57% 3.57% 21
Affordability of Homes (value/income) 4.1 x higher than median income 3.3 x higher than median income 40
Housing Cost Burden - Homeowners 35.9% 33.9% 40
Housing Cost Burden - Renters 50.7% 52.0% 30

POLICY RANKINGS
Issue Area Rank: 1 | 10 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 VT
If Vermont improved to the performance of the best state, there would be:
Vermont is the best performing state
 

OUTCOME RANKINGS
Issue Area Rank: 2 | GRADE A

Outcome Measure State Data US Data Rank
Uninsured Rate 7.6% 16.9% 3
Uninsured by Race 1.5 x higher
for people
of color
2 x higher
for people
of color
8
Uninsured by Income 3.2 x higher
for poorest 20%
4.4 x higher
for poorest 20%
5
Uninsured by Gender 1.6 x higher
for men
1.2 x higher
for men
50
Uninsured Low-Income Children 2.1% 10.0% 1
Uninsured Low-Income Parents 11.3% 35.0% 5
Employer-Provided Insurance Coverage 61.7% 57.4% 20
Employee Share of Premium 27.2% 27.4% 24
Out-of-Pocket Medical Expenses 14.2%

POLICY RANKINGS
Issue Area Rank: 6 | 3 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.

High School Degree in VT
If Vermont improved to the performance of the best state, there would be:
4,940 more adults with at least a high school degree
 

OUTCOME RANKINGS
Issue Area Rank: 1 | GRADE A

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 49.8% 27.6% 3
Math Proficiency - 8th Grade 46.9% 35.5% 4
Reading Proficiency - 8th Grade 44.8% 36.1% 4
High School Graduation Rate 88.0% 2
High School Degree 91.7% 86.4% 7
Two-Year College Degree 44.8% 37.1% 4
Four-Year College Degree 35.8% 29.1% 7
Four-Year Degree by Race 1.1 x higher
for people
of color
1.6 x higher
for white adults
2
Four-Year Degree by Income 3.4 x higher
for top 20%
5 x higher
for top 20%
7
Four-Year Degree by Gender 1.15 x higher
for women
1.0 - nearly equal
for women & men
Average College Graduate Debt $28,299 $29,400 37
College Graduates with Debt 63% 71% 32
Student Loan Default Rate 7.2% 14.7% 2

POLICY RANKINGS
Issue Area Rank: 41 | 4 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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