04.22.2015 Our Projects

Income Trends In North Carolina After The “Great Recession”

In winter 2015, South by North Strategies, Ltd. analyzed the trends in household income that have unfolded in North Carolina during and after the “Great Recession” on behalf of Think NC First, a nonprofit public policy organization.

Among other conclusions, the study found that the inflation-adjusted income of the median North Carolina household dropped by 8.5 percent, or $4,280, between 2007 and 2013, with declines occurring during the business cycle’s contraction and expansion phases. And, the real income of the typical North Carolina household in 2013 was effectively no different than it was in 1984.

The study also was featured in an an op-ed column in The (Raleigh, NC) News & Observer.

 

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