% of Households
Household Income Poverty 14%
Asset Poverty* 27%
Asset Poverty for Households of Color 44%
Liquid Asset Poverty** 43%
Liquid Asset Poverty for Households of Color 65%
*Asset Poverty: lacking the savings to cover basic expenses, equivalent to a poverty-level income, for three months in case of a layoff or other emergency.
**Liquid Asset Poverty: excludes assets such as a home, business or car that can’t easily be converted to cash.
Source: CFED (2012). Assets and Opportunities Scorecard: A Portrait of Financial Insecurity and Policies to Rebuild Prosperity in America. http://assetsandopportunity.org/assets/2012_scorecard.pdf.