BTC BRIEF: The Lost Decade - Low‐ and Moderate‐Income Families Lose Ground as Unemployment and Poverty Rise in NC

By Tazra Mitchell
BTC Fellow
October 2011

KEY FINDINGS:

  • During the 2000s, the poverty rate in North Carolina jumped 24.5 percent—from 14.1 percent in 2001 to 17.5 percent in 2010.
  • Median household income in North Carolina dropped from 9.4% over the course of the decade—from $47,823 in 2001 to $43,326 in 2010, adjusted for inflation.
  • Policymakers should consider the decade‐long trends of growing poverty and stalling middle‐class living standards when proposing solutions to ease economic distress in North Carolina.
     
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