State Policy Choices to Promote Asset Development
Individual Development Accounts
| 18 states have a state-supported IDA program in operation.1 | | |
State Choices to Promote Asset Protection
| 23 states disregard assets in determining parents' eligibility for public health insurance.2 | | |
| 48 states disregard assets in determining children's eligibility for public health insurance.2 | | |
| 50 states make their food stamp eligibility rules more generous than federal rules, generally by aligning their treatment of vehicles to a TANF-funded program.3 | | |
| 2 states disregard assets for eligibility determination.4 | | |
| 30 states exclude at least one vehicle from asset test.4 | | |
Children who are "asset poor," 20045
Homeownership rate, 20076
Data Notes and Sources
Data were compiled from 50-state sources. Some state policy decisions may have changed since these data were collected.
- Community-based IDA programs are operating in all states but often without state support. Also, in some states without state-supported IDA programs, IDA legislation was passed but never implemented due to lack of state funding, or IDA legislation expired, and no new state support was allocated.
Center for Social Development, Washington University, "Summary Tables: IDA Policy in the States, Table 1," October 2006, http://gwbweb.wustl.edu
- Donna Cohen Ross and Caryn Marks, Challenges of Providing Health Coverage of Children and Parents in a Recession: A 50-State Update on Eligibility Rules, Enrollment and Renewal Procedures, and Cost-Sharing Practices in Medicaid and SCHIP in 2009, Kaiser Commission on Medicaid and the Uninsured, January 2009 http://www.kff.org (accessed February 16, 2009).
- Households in which all members receive TANF cash assistance or SSI benefits do not have to meet gross income or asset eligibility criteria. Most states also waive these criteria for recipients of certain other benefits; some states waive these criteria for nearly all applicants.
Center on Budget and Policy Priorities, "States' Vehicle Asset Policies in the Food Stamp Program," November 2006.
- Gretchen Rowe with Jeffrey Versteeg, The Welfare Rules Databook: State Policies as of July 2005, Assessing the New Federalism, The Urban Institute, 2006.
- Figure reflects the percent of children in households that have insufficient net worth to subsist at the federal poverty level for three months in the absence of income.
Corporation for Enterprise Development, Assets and Opportunity Scorecard, http://www.cfed.org (accessed February 25, 2008).
- Figure reflects the percent of households who are homeowners.
U.S. Census Bureau, "Housing Vacancies and Homeownership, Annual Statistics 2007, Table 13," http://www.census.gov (March 14, 2008).
