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

Wisconsin

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN WISCONSIN

 

Lead State Organization

This state doesn’t have a Lead State Organization.

 

Lead Local Organization

Financial Stability & Asset Building Partnership of SE Wisconsin
Metro Milwaukee

 

Click here to learn how to join the Network.

WHAT WISCONSIN CAN DO

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

Invest in Entrepreneurs: To increase microenterprise and small business ownership, Wisconsin should increase state funding for microenterprise development, create a Self-Employment Assistance program and fund a State Microenterprise Association.

Promote Homeownership: To increase homeownership by people of color and low-income households, the state should provide direct lending programs to first-time homebuyers and offer programs that transition low-income renters to homeowners.

Increase College Attainment: To increase college attainment and decrease college debt, Wisconsin should match deposits into 529 accounts and remove barriers to saving for low-income students.

Overall Rank: 12

Outcome Rankings

Issue Area Rank: 7 | Grade: A

Outcome Measure State Data US Data Rank
Income Poverty Rate 12.3% 14.6% 14
Asset Poverty Rate 21.4% 26.0%
Asset Poverty by Race 3.3 x higher
for HHs
of color
2.1 x higher
for HHs
of color
Asset Poverty by Gender 1.1 x higher
for single women
1.1 x higher
for single women
Asset Poverty by Family Structure 2.5 x higher
for 1-parent HHs
2.2 x higher
for 1-parent HHs
Liquid Asset Poverty Rate 33.2% 43.9% 9
Liquid Asset Poverty by Race 2.2 x higher
for HHs
of color
1.8 x higher
for HHs
of color
Liquid Asset Poverty by Gender 1.04 x higher
for single men
1.09 x higher
for single women
Liquid Asset Poverty by Family Structure 2.4 x higher
for 1-parent HHs
1.9 x higher
for 1-parent HHs
Extreme Asset Poverty Rate 15.7% 17.5%
Net Worth $93,496 $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 1.1 x higher
for single men
1.18 x higher
for single men
Net Worth by Family Structure 22 x higher
for 2-parent HHs
Unbanked Households 4.5% 8.2% 11
Underbanked Households 14.2% 20.1% 4
Households with Savings Accounts 80.5% 69.2% 4
Consumers with Subprime Credit 50.0% 56.4% 13
Borrowers 90+ Days Overdue 3.29% 4.33% 11
Average Credit Card Debt $7,920 $10,736 13
Bankruptcy Rate (per 1,000 people) 4.6 4.4 34
   
Additional Policies
Income Tax Threshold — $22,000
Tax Burden by Income — The poorest 20% of families pay 1.4 times more of their income in taxes than the top 1% of families
Prize-Linked Savings — Prize-linked savings not allowed
Paperless Payday — Paperless payday permitted

Footnotes

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

Outcome Rankings

Issue Area Rank: 26 | Grade: C

Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 12.8% 16.7% 51
Small Business Ownership Rate 1.43% 1.34% 25
Business Ownership by Race 1.7 x higher
for white workers
1.5 x higher
for white workers
24
Business Ownership by Gender 1.3 x higher
for men
1.3 x higher
for men
31
Business Value by Race 2.4 x higher
for white bus. owners
2.6 x higher
for white bus. owners
19
Business Value by Gender 2.6 x higher
for men
2.6 x higher
for men
23
Business Creation Rate (per 1,000 workers) 7.0 9.2 43
Private Loans to Small Business $1,553 $1,148 6
Unemployment Rate 7.8% 8.9% 20
Unemployment by Race 2.7 x higher
for people
of color
1.7 x higher
for people
of color
48
Underemployment Rate 14.2% 15.9% 21
Low-Wage Jobs 20.7% 21.5% 23
Average Annual Pay $44,280 $48,043 30
Retirement Plan Participation 52.2% 44.6% 4
Employers Offering Health Insurance 49.3% 51.0% 25
   

Policy Ratings

Policy Priorities
0.25 State Support for Microenterprise
0.25 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 34.5% of average weekly wage
Unemployment Benefit Eligibility — Uses alternative base period; Benefits for compelling family reasons; Part-time workers not covered
Incentives for Employee Ownership — Direct state assistance; Not all criteria met
Loans for Beginning Farmers — Inactive 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: 31 | Grade: C

Outcome Measure State Data US Data Rank
Homeownership Rate 67.9% 64.6% 22
Homeownership by Race 1.9 x higher
for white HHs
1.6 x higher
for white HHs
45
Homeownership by Income 2.5 x higher
for top 20%
2.2 x higher
for top 20%
41
Homeownership by Gender 1.07 x higher
for single men
1.01 x higher
for single women
Homeownership by Family Structure 2.3 x higher
for 2-parent HHs
1.9 x higher
for 2-parent HHs
47
Foreclosure Rate 3.24% 4.27% 28
Delinquent Mortgage Loans 2.26% 3.04% 18
High-Cost Mortgage Loans 1.67% 2.47% 22
Affordability of Homes (value/income) 3.3 x higher than median income 3.4 x higher than median income 24
Housing Cost Burden - Homeowners 33.4% 36.9% 22
Housing Cost Burden - Renters 48.9% 53.4% 11
   
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 40.9% of LIHTC for preservation
Tenant Protections from Foreclosure — No protections beyond federal law
Property Tax Relief — Circuit breaker for homeowners and renters; 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: 13 | Grade: B

Outcome Measure State Data US Data Rank
Uninsured Rate 10.3% 17.3% 7
Uninsured by Race 2.3 x higher
for people
of color
2 x higher
for people
of color
40
Uninsured by Income 3.9 x higher
for poorest 20%
3.5 x higher
for poorest 20%
34
Uninsured by Gender 1.3 x higher
for men
1.2 x higher
for men
45
Uninsured Low-Income Children 6.9% 10.7% 13
Uninsured Low-Income Parents 14.8% 34.5% 6
Employer-Provided Insurance Coverage 65.6% 57.4% 9
Employee Share of Premium 21.3% 26.4% 2
Out-of-Pocket Medical Expenses 12.1% 16.2%
   

Policy Ratings

Policy Priorities
1 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — COBRA expansion for 18 months
Healthcare Information Databases — Has database

Footnotes

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

Outcome Rankings

Issue Area Rank: 19 | Grade: B

Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 39.5% 28.2% 6
Math Proficiency - 8th Grade 41.0% 34.7% 10
Reading Proficiency - 8th Grade 34.9% 33.5% 22
High School Degree 90.4% 85.9% 13
Two-Year College Degree 36.0% 36.3% 26
Four-Year College Degree 26.5% 28.5% 28
Four-Year Degree by Race 1.6 x higher
for white adults
1.6 x higher
for white adults
28
Four-Year Degree by Income 4.7 x higher
for top 20%
4.6 x higher
for top 20%
29
Four-Year Degree by Gender 1.05 x higher
for women
1.01 x higher
for men
Average College Graduate Debt $26,238 $26,600 33
College Graduates with Debt 67% 66% 39
Student Loan Default Rate 8.0% 13.4% 5
   
Additional Policies
State-Funded Head Start — $6,960,062 in supplemental funds
Quality of State Pre-K Programs — Established state program; $5,424 per child enrolled; 5.1 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 — $450 per student; 97% need-based
TANF-Funded Workforce Training — 0.67% of funds spent on training
WIA-Funded Workforce Training — 60.4% 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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