California fares poorly—receiving an overall “C” grade—in the 2007-2008 Assets and Opportunity Scorecard, a biannual report released by the national Corporation for Enterprise Development (cfed). This report presents a comprehensive look at wealth, poverty, and the financial security of families on a national and state level. The 50 states, along with the District of Columbia, are assessed on 46 performance measures in five major areas: financial security, business development, homeownership, healthcare, and education.

According to the report, California is at the forefront of small business development, receiving an “A” grade for Business Vitality. Overall, California has lowered asset poverty and even increased homeownership rates. However, California still has a long way to go in areas of asset poverty, homeownership, and access to health care.