"Two-Fifths of Dallas Households Are Just a Crisis Away From Serious Financial Trouble."
Communities Foundation of Texas
At this very moment Anna's at the press conference over at Communities Foundation of Texas's Caruth Haven HQ, where Mayor Mike Rawlings, among others, are poring over the details of the CFT's latest study, conducted by Corporation for Enterprise Development, which looks at "the scope and scale of financial insecurity among households in Dallas." The event's scheduled to run about an hour, which gives you time to study up on the eight-page doc, which warns that "two-fifths of Dallas households are just a crisis away from serious financial trouble or even homelessness," in the words of CFT's president and CEO Brent Christopher.
This isn't just a poverty study, but a look at Dallas's "asset poverty," defined as: Do you and your family have enough just to get by for the next three months should the household lose its main source of income? Says the doc, 39 percent of those living in Dallas do not -- which, as you can see from the chart above, is well above the national average. From the report:
Sixty eight percent of Dallas residents have subprime credit scores, two out of fi ve Dallas households are asset poor, and half of low-income residents do not have health insurance. Moreover, the data on racial disparities shows a grim reality in Dallas. One in two households of color in Dallas live in asset poverty. Black families are seven times more likely to be in income poverty than white families, and white adults are nearly eight times more likely to have a bachelor's degree than Hispanic or Latino adults.
The report's below. The mayor's reaction to it is upcoming.