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Wednesday, September 23, 2009
News NC gets a 'D' (and deserves it)
Posted By Rhiannon Fionn-Bowman on Wed, Sep 23, 2009 at 9:49 AM
Whaddaya say? Should we take away all state government privileges until they bring their grades up? Obviously we need to do something because North Carolina made a 'D' on this same test last year.
North Carolina has retained a grade of D in the 2009-10 Assets and Opportunity Scorecard, a biennial report from the Corporation for Enterprise Development.The Washington, D.C.-based nonprofit looks at how states measure up in dozens of economic and social indicators, The group’s latest scorecard, which examined 58 measures, graded North Carolina low because the state posted big declines in household net worth and large increases in “asset poverty,” a measure of families’ ability to survive a job loss.
“Many North Carolina residents are struggling to achieve financial security,” the group concludes.
In addition to conducting surveys, CFED also makes recommendation to states on how they should address their most pressing problems, In North Carolina’s case, the group says, the state should increase the number of households with bank accounts and also consider expanding its funding for food- and income-support programs.
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