It’s been a slow recovery. With the January release of CFED’s annual 2014 Assets and Opportunity Scorecard, we have further proof of this fact. The report, Treading Water in the Deep End, shows many American families are financially insecure, and this includes a growing number of Oklahomans.
In Oklahoma, it is estimated 49% of households live in a persistent state of financial insecurity, with no little or no savings to cover emergencies. This is up from last year’s estimate of 43.8% of Oklahomans who were considered “liquid asset poor.” Poor showings in areas related to income, assets, healthcare and education contributed to Oklahoma’s overall rank of 31, compared to other states.
The Assets and Opportunity Scorecard examines the financial security of Americans by assessing states based on 69 different outcome measures. The measures are grouped into five broader categories: 1) Financial Assets and Income, 2) Business and Jobs; (more…)