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Crisis Assistance Ministry

Crisis Assistance Ministry

Charlotte, NC

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Prosperity Now Ranks North Carolina 41st in Financial Health

The 2019 Prosperity Now Scorecard ranks North Carolina 41st out of the 50 states plus the District of Columbia in terms of the financial health of residents. The Scorecard calculates 52 outcome measures such as household income, access to credit, and net worth.

February 23, 2019

The 2019 Prosperity Now Scorecard rankings are in. North Carolina placed 41st out of the 50 states plus the District of Columbia in terms of the financial health of residents.   

The Scorecard calculates 52 outcome measures such as household income, access to credit, and net worth.  This year, for the first time, the Scorecard also factors in racial disparities (the gaps between white residents and residents of color on 26 outcome measures) to arrive at each state’s overall performance.  

In an economy that has been described as “booming”, many Americans – especially people of color – remain vulnerable.  The Scorecard examines traditionally overlooked data regarding the day-to-day influence of the economy on the average American household.

Some of the Scorecard’s key findings:

  • The nation’s racial wealth gap is vast:  At the median, black households own only six cents and Latino households own 13 cents for every dollar of white wealth.
  • More than one in five jobs in the United States are in a low-wage occupation, meaning median pay is less than the poverty threshold for a family of four.
  • Nationwide, 40% of households are liquid-asset poor, lacking sufficient savings to survive at the poverty level for three months if their income was interrupted.

North Carolina’s below-average ranking is influenced by the large gap between white residents and residents of color on a number of economic indicators.  For example:

  • Black households in North Carolina are twice as likely as white households to have incomes below the poverty line.
  • Less than 3% of white households are unbanked compared with 12% of households of color.
  • The unemployment rate for people of color is twice that for white residents.

Stay tuned:  Local level data for Charlotte-Mecklenburg will be released later this year. In the meantime, you can follow the conversation about state and national findings using #ProsperityNowScorecard.

Filed Under: Advocacy Tagged With: #ProsperityNowScorecard, Community, Financial Security, FinancialSecurityCLT, North Carolina, Prosperity Now, Scorecard

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Crisis Assistance Ministry

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    Charlotte, NC 28206
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We are so #grateful for the team of dedicated #volunteers who volunteer their time & expertise on our Board of Directors. Today we welcome five newly elected members: Deborah Brewer, Yog Hari, Ed Holland, Deirdre John, and John Magnuson. (Learn about them through our linktree)

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We've got a special shout out to @championhouseofcare and @beyoubegreatnonprofit for their tireless commitment to helping the seniors displaced from Magnolia Apartments since Christmas Day. @CrisisAssistMin is proud to be working alongside these passionate grassroots organizations and @housingcollab_ to help craft individual plans to get our neighbors back into stable housing while ensuring their basic needs continue to be met.

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These community-minded Deltas celebrated Founder's Day last week by inspecting and preparing donated goods for Free Store shoppers. With their help, families shopping free of charge will find essentials to help them live with dignity this week.

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The King Center's theme for MLK Day 2023 is "It Start's With Me: Cultivating A Beloved Community Mindset to Transform Unjust Systems." Fifty-five years after his death, we still see the impacts of unjust systems every day at Crisis Assistance Ministry.  Read more in this weekend's blog (link in bio)

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Crisis Assistance Ministry will be closed on Monday, January 16 in observance of  Martin Luther King Day. The office will be closed to all customers, volunteers, staff, and donors. Typical hours resume on Tuesday, January 17, 2023.

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Families in Charlotte, and across the country, are struggling to make ends meet. Inflation has outpaced wage growth. People are working harder than ever but still falling behind on rent and utilities. People need more money. But could we use policy to get more money into the hands of those who need it the most? This week's blog takes a look at the potential for Guaranteed Basic Income here in the Queen City. (Link in bio)
📷 courtesy of @stocktondemo

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Just one more day before we're back to "normal." So, @CrisisAssistMin is closed January 2, 2023,  and will return to typical business hours tomorrow, January 3.
(Financial assistance 10 a.m. to 4:30 p.m., Free Store by appointment 10 a.m. to 4 p.m., Donation drop off 9 a.m. to 4 p.m.)

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Wishing you hope, warmth, & light in the new year and beyond.
(P.S. @crisisassistmin will be closed tomorrow, January 2, and reopen with typical hours on Tuesday, January 3, 2023.)

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"Everybody wants to have that light shine."
Nikki shares what the holidays mean to her family as we reach the end of the year.  Looking back, she's grateful for the help of the community to get her through a financial crisis and back on her feet moving toward economic mobility.
Thousands more families will seek that same kind of help -- to stay safely housed, to keep utilities flowing, to provide clothing and household goods, and to rebuild financial stability -- in 2023.
Visit our quick links to learn more and to make a tax-deductible year-end gift to help more of our neighbors in the coming year.
Oh, and HAPPY NEW YEAR!

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