income inequality

Texas
11:26 am
Thu January 30, 2014

Almost Half of Texas Lacks Savings to Cover Job Loss, Medical Emergency

Volunteers sort food at the Capital Area Food Bank of Texas. A new report suggests almost half of Texas households aren’t financially prepared in the event of a job loss or health emergency.
Credit KUT News

Another national report card is out, and Texas households are still struggling to beef up their savings. 

Almost half of Texas households don’t have enough savings to pay for basic expenses for three months, which means most families aren’t prepared in the event of a job loss or health emergency.

According to the Corporation for Enterprise Development’s 2014 Assets and Opportunity Scorecard, the state’s policies are also not helping residents achieve financial security.

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Texas
8:41 am
Tue January 28, 2014

Texas' Income Gap Widens as Minority Populations Grow

In Texas, poverty rates among Hispanics and African Americans are about 2.5 to 3 times higher than whites.
Veronica Zaragovia, KUT

President Barack Obama delivers his State of the Union address tonight. He’s expected to make a big deal about economic mobility and reducing income inequality in the U.S.

But the challenges are substantial when it comes to narrowing the divide. Texas has the eighth highest level of income inequality,  based on 2010 Census data.

"In terms of Texas, we have a lot of upper end income inequality," says Mark Frank, an economics professor at Sam Houston State University. "We have a lot of income inequality because we have the top 1 percent or .01 percent."

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