Charlotte, North Carolina, has become a place where a comfortable life requires a six-figure salary, according to a recent study from SmartAsset. The study’s authors used a 50/30/20 model for their calculations, in which no more than 50% of a household’s income is allocated for essentials such as housing, transportation, and groceries, 30% for “fun” things such as hobbies and entertainment, and 20% for savings, investments, and paying off debt.
The Volunteer Income Tax Assistance (VITA) program is an often overlooked but invaluable resource for families across the country, including many of the people served at Crisis Assistance Ministry. Aimed at promoting financial wellness and administered by the Internal Revenue Service (IRS), VITA relies on trained volunteers to provide free tax preparation services to eligible taxpayers. The FREE tax return service is available through two Mecklenburg County agencies this year.
For Pulitzer Prize-winning author and sociologist Matthew Desmond, the answer is YES!
During his recent visit to Charlotte-Mecklenburg, Desmond brought both data and passion to the discussion of why America is one of the richest nations on earth, yet has “more poverty than any other advanced democracy.”
This long-awaited move by North Carolina will provide welcome relief to many low-wage earners who often are not offered health insurance through their employers. Considering the struggles of working families here in Mecklenburg County, there are certainly thousands who will benefit from Medicaid expansion in our own community. Based on evidence from other states, it’s likely all of us will reap the benefits of improved community health, lower eviction rates, and a stronger safety net for our neighbors.
We are proud to partner with Davidson College to co-host Pulitzer Prize-winning author Matthew Desmond on their campus. Desmond’s thought-provoking message will help us understand the systemic issues contributing to poverty and inspire us to be part of the solution here in our own community.
