Guest Blog: The 2012 Assets and Opportunities Scorecard: Oklahoma Ranks 33rd for Financial Stability of Residents

The Tulsa Initiative Blog

As part of a new project at CAP, each month we will be featuring a guest blogger from across the agency.  Amy Amatucci, Senior Fund Development Specialist, is our sixth blogger.

Last month the Corporation for Enterprise Development (CFED) and OK Policy co-released the2012 Assets and Opportunity Scorecard, which shows that more than one in four Oklahoma households are “asset poor.”  The report measures how residents in each of the 50 states and the District of Columbia rank in their ability to achieve financial security across 52 measures in five areas, including Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care, and Education.

Asset poverty is an estimate of financial security that takes into account all of a family’s assets (e.g., house, car, checking and/or savings account) which would be used in the case of lost income. However, this is a conservative way to measure assets, since…

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