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Yesterday, CFED released the 2012 Assets & Opportunity Scorecard, the leading source for data on household financial security and policy solutions to combat asset poverty nationwide. The interactive website displays assesses metrics for each of the 50 states and the District of Columbia on how well residents are faring and what states can do to help residents build and protect assets.
Some key findings from CFED’s research:
- 1 in 5 jobs in America are “low wage”
- 46% of employers do not offer health insurance
- 55% of workers do not have, or do not participate in, a retirement plan
- 56% of Americans have subprime credit
- 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
Check out the scorecard to see how your state did.
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