Dallas Residents See Rise in Financial Security

February 12, 2019

Despite progress, some still struggle to make ends meet

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).

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.

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

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