CNA 2022-25 vFINAL 09202022 MASTER COPY - Flipbook - Page 38
so many people live on the margins, it is easy to see why rates of asset poverty and liquid asset poverty
are higher than rates of official (income-based) poverty.
These researchers have also developed measures of households that have zero or negative net worth
and unbanked households (no checking or savings account, limited access to banking system). Table 17
shows all these metrics.
Table 17: Cash income/official poverty level compared with asset poverty and liquid asset poverty
rates, households with zero or net worth, unbanked households
Source: Prosperity Now Scorecard
New York
% with
income
below official
poverty level
13.6%
26.9%
%
experiencing
liquid asset
poverty
32.1%
% households
with zero or
negative net
worth
15.3%
%
experiencing
asset poverty
% unbanked
households
8.7%
Steuben County
12.7%
20.3%
33.4%
12.6%
4.6%
Yates County
13.5%
21.7%
30.6%
11.2%
4.3%
D. RISK AND PROTECTIVE FACTORS IN OUR COMMUNITY
Every community has characteristics that present challenges. These are known as risk factors. Every
community also has characteristics that make it strong. These are its protective factors. The interplay
between these risk and protective factors gives each
community its unique
