Assets and Opportunity Scorecard: A Portrait of Financial Insecurity and Policies to Rebuild Prosperity in America.
By Jennifer Brooks, et al. Corporation forEnterprise Development. Jan. 2012. 12 p.
“This report paints a bleak picture of rising asset poverty and diminishing financial security in the United States. Nationally, 27% of all households are asset poor, meaning they lack the savings or other assets to cover basic expenses for just three months if a layoff or other emergency leads to the loss of income. This number represents a 21% increase over the number of families living in asset poverty reported in the 2009-2010 Scorecard. Furthermore, this year’s Scorecard includes a measure for “liquid asset poverty” – which excludes assets like a home that can’t be easily converted to cash – and finds that 43% of households nationwide are liquid asset poor.”