Self-Sufficiency Standard Report for North Carolina 2017
United Way of North Carolina supported the development of the Self-Sufficiency Standard for North Carolina 2017 to ensure the best data and analyses are available to enable North Carolina’s families and individuals to make progress toward real economic security. The Self-Sufficiency Standard for North Carolina 2017 defines the amount of income necessary to meet the basic needs of North Carolina families, differentiated by family type and where they live. The Standard calculates the costs of six basic needs plus taxes and tax credits. It assumes the full cost of each need, without help from public subsidies (public housing, Medicaid, or child care assistance) or private/informal assistance (unpaid babysitting by a relative or friend, food from food banks, or shared housing). More than 700 family compositions for each of NC’s 100 counties are calculated.
Economic Security Pathways Report
Economic security not only requires the ability to secure the costs of daily basic needs, but also creating an emergency savings fund and choosing the appropriate asset-building pathway. The Self-Sufficiency Standard Report for North Carolina 2017 addresses the first two elements. Its companion report The Economic Security Pathways Report focuses on the third element of asset-building.