A Profile of the Liquid Asset Poor
Feb 01, 2013
U.S. Population: 44% of all households
Employment: 88% are employed
Earnings: 83% earn less than $55K a year
Education: 49% have at least some college education
Family Composition: 42% are unmarried women
Race: 58% are white*
*62.6% of total households of color in the United States are considered liquid asset poor.
Source: Brooks, J. and Wiedrich, K. (2013). Living on the Edge: Financial Insecurity and Policies to Rebuild Prosperity in America. Washington, D.C.: CFED. Retrieved from: http://assetsandopportunity.org/scorecard/about/main_findings.