Journal Article

Community Investments, Vol 26, Issue 2: Data Snapshot

Abstract: Liquid asset poverty measures the amount of liquid savings (including cash and financial assets that can be sold quickly) that households have on hand in order to cover three months of basic living expenses. Almost half (44%) of households nationwide are in this situation, with the strongest concentration of liquid asset poor in Nevada and Alabama. In some states, households of color have far higher rates of liquid asset poverty than white households; Maryland and Illinois show the greatest disparity in household liquid asset poverty by race and ethnicity.

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: Community Investments

Publication Date: 2014

Issue: 02