Financial Resilience Index: Multiple Sources
9b developed a Financial Resilience Index which utilizes data from multiple sources. The following list is a breakdown of the sources used for each statistic in the index.
Median Household Income - Census: American Community Survey: B19013 Median Household Income
Employment Rate - Census: American Community Survey: C23002 Sex by Age by Employment Status
Educational Attainment - Census: American Community Survey: B15001 Sex by Age by Educational Attainment
Health Insurance Coverage - Census: American Community Survey: S2701 Selected Characteristics of Health Insurance Coverage
Mortgage Status - Census: American Community Survey: B25081 Mortgage Status
Cost Burden of Homeowners and Renters - Census: American Community Survey: B25105 Median Monthly Housing Costs and B19013 Median Household Income
Note: For financial resources, we use median household income. Other known resources include federal and state assistance programs such as SNAP. Currently, data at the tract level, over the time frame examined, is not available to include financial resources not captured in the Census income questions, so SNAP is excluded from the index.
hidden
Methodology
For more information about what the American Community Survey asks each question, visit: https://www.census.gov/acs/www/about/why-we-ask-each-question/
Analysis