Financial Assets

The indicators in the financial assets grouping provide direct state-level estimates of household wealth accumulation, asset poverty, and the distribution of assets between various population groups. These are first-time estimates of wealth indicators that have never been available at the state level. To generate these important estimates, the Corporation for Enterprise Development (CFED) commissioned researchers Robert and Jon Haveman. The Havemans produced the estimates used in the Report Card using data collected from the Survey of Income and Program Participation (SIPP), which is released periodically by the U.S. Census Bureau. However, as the weighting scheme in the SIPP has been developed to provide a sample that is representative of demographics at the national level and not at the state level, the Havemans used the data from the March Current Population Surveys to rescale the weights. Three years of data were used to create an adequate sample size. The rescaling was designed to make the sample of observations present in the SIPP data set consistent with the Current Popuation Surveys on the basis of race, gender, and broad income status.

Mean Net Worth
Asset Inequality by Race
Asset Inequality by Gender
Asset Poverty
Asset Poverty by Race
Asset Poverty by Gender
Households with Zero Net Worth