New Living Income Standard shows many families can’t afford the basics in North Carolina

Many families in North Carolina do not earn enough to pay for their basic needs, according to a new report by the N.C. Budget & Tax Center.  Many more live paycheck to paycheck and don’t earn enough to save in order to plan for their future or invest in their children and their education.

The Budget & Tax Center has updated its Living Income Standard (LIS) for 2019, a measurement that gives a more accurate and comprehensive picture than more traditional measures of what it takes for a family to make ends meet in each of North Carolina’s 100 counties. For example, the LIS shows that in North Carolina, a family of two adults and two children must earn $52,946 a year in order to actually afford housing, food, child care, health care, transportation, taxes, and other necessities – more than double the federal poverty threshold for a family of four. The report also breaks the numbers down by county and family type. The same family of four living in Mecklenburg County would need to earn $59,597 to afford the basics, while a Richmond County family would need to earn $44,163.

The report details the problems with current measures like the Federal Poverty Level and the federal minimum wage, which don’t accurately reflect what is actually needed to make ends meet in North Carolina. For example, the Federal Poverty Level doesn’t take into account expenses such as child care or regional differences in the cost of living.

Click here to check out the full report.

Top Stories from NCPW

  • News
  • Commentary

WASHINGTON — The coronavirus pandemic has brought heartbreaking consequences for millions of U.S. ch [...]

Sheriffs and advocates remain opposed, but the party of Donald Trump is no longer a roadblock Video [...]

Student leaders at UNC-Chapel Hill are asking that money from a recently increased security fee go t [...]

The murder of George Floyd in Minneapolis in May of 2020 and the demonstrations that ensued in score [...]

An honest assessment of the disastrous U.S. experience in Afghanistan leads to some hard truths and [...]

There is, of course, nothing new about the idea that blood runs thick in politics. The list of promi [...]

The post North Carolina court blocks Voter ID law for discriminatory intent appeared first on NC Pol [...]

Vaccine refusal is a major reason COVID-19 infections continue to surge in the U.S. Safe and effecti [...]

A Clear and Present Danger

 

NC’s Tarheel Army Missile Plant is a toxic disgrace
Read the two-part story about the Army’s failure to clean up hazardous chemicals, which have contaminated a Black and Hispanic neighborhood for 30 years.

Read in English.


Haga clic aquí para leer: Peligro inminente
Una antigua planta de misiles del Ejército ha contaminado un vecindario negro y latino durante 30 años.

Leer en español.