You’ve probably heard the saying that numbers don’t lie. But when it comes to understanding poverty, the numbers certainly can be deceiving. Mecklenburg County’s Scorecard, based on data from 2019, paints an optimistic picture overall. On most measures, our community appears to be thriving. But when those numbers are broken down by race, a very different picture emerges.
Weathering a financial storm is essential for all families to build towards a stronger future. New data about the financial health of our state highlights where disparities exist that prevent individuals and families from reaching economic freedom in five areas: financial assets and income, businesses and jobs, homeownership and housing, health care and education.
For half a century, the IRS’s Volunteer Income Tax Assistance program has offered free tax preparation assistance to elderly, disabled, and low- and moderate-income households.
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.