National Release of the 2012 Assets & Opportunity Scorecard: How Financially Secure are Families?
Tuesday, January 31, Noon EST / 11 a.m. CST / 10 a.m. MST / 9 a.m. PST
CFED will release the 2012 Assets & Opportunity Scorecard in a national webinar on January 31 at noon EST (11 a.m. CST / 10 a.m. MST / 9 a.m. PST). The webinar, The 2012 Assets & Opportunity Scorecard: How Financially Secure are Families?, will highlight key national and state findings, including the latest asset poverty rates and other measures of financial security and opportunity.
By any measure, poverty in the United States is increasing. In 2011, the country saw the poverty rate rise to 15.1%, the highest level in nearly two decades. However, the official poverty rate released annually by the Census Bureau highlights just one aspect of household finances, namely the percentage of people with insufficient income to cover their day-to-day expenses. It does not account for the resources a family has to meet emergencies or longer-term needs. The Scorecard will offer critical new data on the growing number of Americans who 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 loss of income. The latest findings will show significant increases in “asset poverty” since the release of the previous Assets & Opportunity Scorecard in 2009.
The webinar will feature three speakers:
- Andrea Levere, President, CFED
- Jennifer Brooks, Director of State & Local Policy, CFED
- Kasey Wiedrich, Senior Program Manager, Applied Research, CFED
About the Scorecard
The Assets & Opportunity Scorecard offers the most comprehensive look available at Americans’ financial security today and their opportunities to create a more prosperous future. The Scorecard explores how well residents are faring in the 50 states and the District of Columbia and assesses policies that are helping residents build and protect assets along five issue areas: Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care and Education. The 2012 Scorecard assesses states across 100 outcome and policy measures in these five areas to determine the ability of residents to achieve financial security.