Tar Heels no better off in 2007 than 2000
Wednesday, August 27th, 2008
By Staff
The Herald-Sun
Aug 27, 2008
RALEIGH — The average North Carolina household was no better off economically in 2007 than in 2000. Over that period, the typical household saw no change in its annual income, after adjusting for inflation. At the same time, poverty rates rose, and the number and share of uninsured North Carolinians jumped sharply.
These findings come from data released Tuesday by the U.S. Census Bureau. For the nation and state, the data show slight improvements in median household income, poverty rates and health insurance coverage between 2006 and 2007. Relative to 2000, however, no progress has been made in these three critical areas of family well-being.
"The economic expansion that likely ended in 2007 failed to benefit most North Carolina families," said John Quinterno, Research Associate at the N.C. Budget & Tax Center. "For the first time on record, it appears that median household income is no different and poverty rates higher at the end of an economic expansion than at the beginning."
The newest version of the Cenus Bureau's American Community Survey found that median household income in North Carolina was $44,670 in 2007, an amount statistically no different from 2000, after adjusting for inflation. (more…)
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