Lack of Policies to Promote Financial Stability Contributing to State’s Low Performance

Washington, D.C. — A new report released today by the Corporation for Enterprise Development (CFED) stresses the need for Mississippi to create financial opportunity for hard working Mississippi families who struggle to make ends meet. CFED’s Assets & Opportunities Scorecard ranks Mississippi 51st for its high levels of income poverty; households without a checking or savings account; households who rely on alternative financial products; and consumers with subprime credit. The report also ranks Mississippi 47th for its high level of income inequality.  Read the full release.

The report also ranks Mississippi 48th in the country for the number of policies adopted to help residents achieve financial security. Learn more about how a state Earned Income Tax Credit would provide an economic boost to Mississippi families in our state EITC Policy Brief.