Hope Policy Institute Snapshot: Debt in the Deep South Diane - - PowerPoint PPT Presentation
Hope Policy Institute Snapshot: Debt in the Deep South Diane Standaert, Director, Hope Policy Institute Presented at Center on Budget and Policy Priorities, State Impact 2019, The Debt Trap Beyond Payday Lending , Dec. 5, 2019 Brighter
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee
Diane Standaert, Director, Hope Policy Institute Presented at Center on Budget and Policy Priorities, State Impact 2019, “The Debt Trap Beyond Payday Lending,” Dec. 5, 2019
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee See Partners for Rural Transformation, Transforming Persistent Poverty in America: How Community Development Financial Institutions Drive Economic Opportunity, Nov. 2019.
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee
Alabama Arkansas Louisiana Mississippi Tennessee Black White Black White Black White Black White Black White 2007 53.7% 77.8% 45.6% 73.0% 50.5% 76.6% 59.1% 78.9% 49.4% 75.1% 2017 50.9% 75.7% 43.2% 70.7% 47.6% 74.3% 54.2% 76.4% 44.0% 71.2%
Black and White Homeownership Rates in the Deep South, for 2007 and 2017, by State
households in 2017 exceeded 20 percentage points.
2017
Source: U.S. Census Bureau
See Hope Policy Institute blog, “HOPE submits Fair Housing Comments,” Oct. 18, 2019
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee
0% 10% 20% 30% 40% 50% 60% Alabama Arkansas Louisiana Mississippi Tennessee United States
Percent of People with a Debt in Collection, by State and by Community
Total White Communities Communities of Color
Hope Policy Institute analysis of data from the Urban Institute, Debt in America, https://apps.urban.org/features/debt-interactive-map/
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee
2,000 3,000 4,000 5,000 6,000
Mississippi
Non-mortgage debt balance per capita by type of debt: credit card, auto, student
2,000 3,000 4,000 5,000 6,000
Arkansas
2,000 3,000 4,000 5,000 6,000
Tennessee
2,000 3,000 4,000 5,000 6,000
Alabama
2,000 3,000 4,000 5,000 6,000
Louisiana
2,000 3,000 4,000 5,000 6,000
United States
Hope Policy Institute analysis of data from the Federal Reserve Bank of New York, Household Debt Statistics by State, 2004 – 2018, https://www.newyorkfed.org/microeconomics/databank.html Mortgage loan debt excludes HELOCs.
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee 1 2 3 4 5 6 7 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Percent of Auto Debt Balance 90+ Days Delinquent in the Deep South and US, 2003 - 2018
AL AR LA MS TN US
Hope Policy Institute analysis of data from the Federal Reserve Bank of New York, Household Debt Statistics by State, 2004 – 2018, https://www.newyorkfed.org/microeconomics/databank.html Mortgage loan debt excludes HELOCs.
Brighter Futures Begin with HOPE. Alabama Arkansas Louisiana Mississippi Tennessee Hope Policy Institute analysis of data from the Federal Reserve Bank of New York, Household Debt Statistics by State, 2004 – 2018, https://www.newyorkfed.org/microeconomics/databank.html Mortgage loan debt excludes HELOCs. 2 4 6 8 10 12 14 16 18 2003 2005 2007 2009 2011 2013 2015 2017
Mississippi
2 4 6 8 10 12 14 16 18 2003 2005 2007 2009 2011 2013 2015 2017
Arkansas
2 4 6 8 10 12 14 16 18 2003 2005 2007 2009 2011 2013 2015 2017
Tennessee
2 4 6 8 10 12 14 16 18 2003 2005 2007 2009 2011 2013 2015 2017
Alabama
2 4 6 8 10 12 14 16 18 2003 2005 2007 2009 2011 2013 2015 2017
Louisiana
Percent 90+ days delinquent by debt: mortgage, credit card, auto, student (inc. defaults)
Creating Opportunity Where It Is Needed Most Alabama Arkansas Louisiana Mississippi Tennessee