Family Assets Count: Baltimore

Baltimore Households

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Liquid Asset Poverty
55% Don’t have 3 months of savings to live above poverty level
Asset Poverty
37% Don’t have 3 months of net worth to live above poverty level
23% Don’t have a credit file and credit score
Subprime Credit
52% Credit users have subprime credit scores

In Baltimore City today, 20% of households live in poverty, but more than half of the city’s population 55% is financially vulnerable or liquid asset poor, which means these households do not have enough savings to live above the poverty level for three months if they suffer an income disruption such as a job loss or medical crisis. This exceeds the average percentage of people who are liquid asset poor in the state of Maryland (35%). Communities of color tend to be disproportionally liquid asset poor— roughly one in three African-American and Hispanic households in Baltimore City are liquid asset poor.

Too many of Baltimore’s working families are living in a state of persistent financial insecurity, one emergency away from falling into debt or losing a home. Of households earning less than $25,000 per year, nearly 85% are liquid asset poor. More than 60% of households earning between $25,000 and $50,000 per year are liquid asset poor.The inability to bounce back from financial pitfalls not only hurts Baltimore’s families—it stifles the city’s long-term economic growth.

These findings are part of a new data analysis from Family Assets Count, a project of CFED (Corporation for Enterprise Development) and the Assets & Opportunity Initiative in collaboration with Citi Community Development and the Baltimore CASH Campaign. Through cutting-edge data, tools and resources, Family Assets Count leverages the power of cities to improve financial stability for families. The analysis spotlights a range of challenges confronting Baltimore’s vulnerable families:

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


Family Assets Count: Building Economic Opportunity in Baltimore (PDF)

Media Mentions

From Financial Vulnerability to Financial Inclusion (WYPR)

Click here for a complete list of stories covering Family Assets Count.


A project of CFED in partnership with Citi Community Development.

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