Family Assets Count: Sacramento

Sacramento Households

Financial Insecurity in the California Capital Region: A Data Profile
Liquid Asset Poverty
47% Don’t have 3 months of savings to live above poverty level
Asset Poverty
31% Don’t have 3 months of net worth to live above poverty level
14% Don’t have a checking or savings account
23% Have a bank account but still use check cashing or pay day loans

In Sacramento, 17% of families live in poverty, but far more (47%) are financially vulnerable. These “liquid asset poor” families do not have enough savings to live above the poverty level for just three months if they lose a job, face a medical crisis, or suffer another income disruption. Communities of color fair even worse: 66% of both African American and Hispanic households in Sacramento are liquid asset poor.

These households live in a state of persistent financial insecurity – one emergency away from falling into debt or even losing a home – even though 40% of households earning $50,000 to $75,000 annually are liquid asset poor. The inability to bounce back from financial pitfalls not only hurts Sacramento families, it stifles the city’s long-term economic growth.

The findings are part of a new data analysis from Family Assets Count, a project of CFED (the Corporation for Enterprise Development) and the Assets & Opportunity Initiative in partnership with Citi Community Development and the Sacramento Region Assets and Opportunity Network. The analysis spotlights a range of challenges confronting Sacramento’s vulnerable families:

Policymakers, advocates, practitioners, and philanthropists must rally together to develop programs, services, and policies that strengthen family financial stability in the Sacramento region. Ensuring pathways to earning decent wages, saving for emergencies, investing for future goals, and protecting assets is important for families and critical to sustainable economic growth.

Through cutting edge data, tools and resources Family Assets Count leverages the power of cities to improve financial stability for families and advances programs and policies that reduce barriers and encourage families to save and build assets. For more information and data visit


A project of CFED in partnership with Citi Community Development.

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