Central Texas Financial Stability, Research and Statistics

Financial Stability by the Numbers

• 40% of Central Texas families live at or below the Family Budget Estimator (FBE) income level, which measures the real income required to provide for families’ most essential needs
• Austin has a higher proportion of workers earning poverty-level wages than comparably sized cities
• Texas ranks 42nd in the percentage of households that hold interest-bearing checking or savings accounts, 43rd in the proportion of households that are “asset poor,” and 43rd in percentage of mortgage loans that are subprime.
• Austin has the highest racial income inequality among cities of comparable size

Learn more about Financial Stability initiatives in Central Texas

RAISE Texas
RAISE Texas agrees with Michael Sherraden, a national leader in asset building, that “income is not enough for day-to-day and long-term economic stability.” RAISE Texas believes that assets provide an investment vehicle, protection, and hope for a better future.

Financial Literacy Coalition
The mission of the FLCCT is to foster community prosperity by enhancing the knowledge and skills Central Texans need for improved financial decision-making.

Financial Fitness Greater Austin (FFGA)
Financial Fitness Greater Austin (FFGA) is a public education and awareness campaign designed to help consumers better manage their personal finances.