New Report Shows Poor Getting Poorer In Greensboro
A Greensboro non-profit has released it's annual State Of The City economic assessment. The results reflect a growing disparity between rich and poor.
The State of the City Report shows that higher paying jobs are paying more than ever, and personal income is rising.
But despite those bright spots, things are getting worse for the city's low-income workers.
The assessment was issued by the Greensboro Partnership, an economic development agency.
It shows that per capita income increased by almost 14 percent. The author of the report, UNCG professor Keith Debbage, told the News and Record of Greensboro that a bull market on Wall Street has pushed income upward.
But Debbage says the poverty rate has remained well above the national average, with 1 in every 5 Greensboro residents considered poor.
He says the the combination of unemployment and a shortage of well-paying jobs is sending middle-class families into poverty.
The report also shows that median home-values increased more than 10 percent in 2013, but that less than half of Guilford County homes were owner-occupied.
Another bright spot is that the high school dropout rate remains extremely low, and the number of people with a college degree has risen.