Study finds economic insecurity lessened last year in Idaho, 10 other states

November 19, 2013 

Economic insecurity in Idaho declined by 1.7 percentage points in 2012, according to the annual Economic Security Index, released Tuesday the Rockefeller Foundation and Yale University professor Jacob Hacker.

The index aims to measure security of household finances across the country, and Idaho was one of 11 states where economic insecurity declined according to the index.

The ESI tracks the proportion of Americans who see their “available household income”—earnings that remain after paying for medical care and servicing financial debts — decline by 25 percent or more from one year to the next and who lack sufficient financial wealth, such as savings, to replace that lost income. In 2012, 18.4 percent of Idaho households experienced economic insecurity, as compared to 20.1 percent in 2011, according to the index. Idaho’s economic insecurity measure is still higher than the national figure, which was 17.8 percent in 2012, a 1.1 percentage points lower than in 2011. The District of Columbia showed the biggest drop — 2.3 percentage points — in economic insecurity, followed by Arkansas, Kansas and New Jersey. Idaho had the fifth- largest reduction in economic insecurity, followed by Iowa, Connecticut, Maryland, Minnesota, South Dakota and Virginia with drops ranging from 1.6 to 1.1 percentage points.

The new data were compiled by political scientists and researchers at Yale University, Ohio State University and the Urban Institute.

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