Half of Texas households one crisis from poverty

Feb 6, 2014

Credit Ben Hasson / Texas Tribune

50% of households in Texas are "liquid-asset poor," or lack the savings to pay for three months of basic expenses, according to a report released last week by a non-profit that seeks to alleviate poverty.

Texas ranks 30th in the nation for liquid-asset poverty, according to the 2014 Assets & Opportunity Scorecard, released by the Corporation for Enterprise Development.

By comparison, Kansas fares best on the High Plains, ranking 9th in the nation on the same metric, with 35% of households experiencing the same level of liquid-asset poverty. This compares to 49% of households in Oklahoma, ranking just ahead of Texas at 29th, and Colorado, with 39% of households, ranking 17th.

A majority of Texans living below the federal poverty line are financially insecure, reports the Texas Tribune.

Find the conclusions from this report for your state here.