Jump to navigation links Jump to main content Jump to footer links

Dallas Residents See Rise in Financial Security

  • Economic Security
Dallas Residents See Rise in Financial Security

Despite progress, some still struggle to make ends meet

February 12, 2019

People of color make up the largest and fastest growing population within Dallas. Addressing the racial wealth divide and its underlying causes is of key importance to Dallas’ economy and future prosperity. Income is necessary for a family to get by, but wealth (assets) can make the difference in a family’s ability to stay afloat during unexpected shocks, as well as help families take advantage of economic opportunities that support them and future generations to get ahead (e.g., buying a home, saving for college or investing in the stock market).

Untitled-2.jpg

A new report from Communities Foundation of Texas and Prosperity Now shows a community marked by widespread financial insecurity, high levels of asset poverty and subprime credit, and huge disparities in the economic conditions among Dallas households of color.

The 2018 Dallas Assets & Opportunity Profile provides an updated financial snapshot of Dallas, Dallas County and North Texas, examining trends in the financial security of residents over the past six years. This new report complements the previously released, comprehensive Dallas Economic Opportunity Assessment and builds on and updates the 2012 Dallas Assets & Opportunity Profile.

graphic-assetsoppprofile.jpg

Untitled-3-(1).jpg

goodnews-badnews.jpg

Find additional resources including the full report, presentation slides, recorded live streams from our launch event and more!

Nicole Paquette
Author:
Nicole Paquette
Senior Director, Communications, Public Relations, and External Affairs

See related stories

Place Matters
Dallas County is growing and changing and our rapidly expanding population is one of our greatest assets, providing a relatively young and diverse workforce that can drive economic growth in Dallas for years to come. 
READ MORE
We’ve Got $2 Billion Reasons to Celebrate

Confetti cannons marked the occasion as our board trustees, fund holders, and community leaders came together on Tuesday, February 11 to celebrate a momentous occasion and historic milestone - $2 billion in cumulative charitable grantmaking since our inception in 1953.

READ MORE
360 Degrees of Thriving
In 2018, Communities Foundation of Texas committed to using its efforts and influence to create thriving communities for all. While COVID-19 changed our world in many ways this year, it did not change the relevance of this goal.
READ MORE

Search for: