Yahoo Homes names Salisbury in Top 5 for 'soaring poverty' - | WBTV Charlotte

Yahoo Homes names Salisbury in Top 5 for 'soaring poverty'


An article posted on Yahoo Homes identifies Salisbury as one of the top five cities in the United States with what it calls a "soaring poverty rate."

"Many of these cities show a symptom of the regions hit hardest by the recession — a significant decline in real estate value," the article sates, before zeroing in on Salisbury.

"Several of these cities were already struggling prior to the recession, in part because of their reliance on manufacturing. The industry had been declining for years, and the recession only made matters worse. In Salisbury, North Carolina, employment in manufacturing fell from 15.5% of all jobs to 8.3%"

The article goes on to note that the poverty rate in Salisbury stands at 28.4%, and that the media annual income is $33,000.

"During the three-year period ending in 2009, Salisbury's poverty rate of 16% was about 3% higher than the national rate. In the following three-year period between 2010 and 2012, the city's poverty rate was approaching 30%. Salisbury has traditionally relied heavily on the manufacturing sector, particularly textiles and fabrics. In recent decades, however, manufacturing activity has declined significantly and continues to do so. Between 2010 and 2012, manufacturing jobs in Salisbury — as a percent of the workforce — shrank from 15.5% to 8.3.%"

The article was posted on Monday on the Yahoo Homes web site and was written by Michael B. Sauter and Thomas Frolich.  Attribution for the information in the story is given to another web site called 24/7 Wall Street.

Contacted this morning, Salisbury City Manager Doug Paris told WBTV that while the recession had been devastating locally, he believes recent job news shows a new trend.

"Those years including the recession had a devastating effect on our middle class, which was very textile and manufacturing centric," Paris wrote in an email.  "As the economic recovery continues, including landing firms like Gildan, growing firms that are already here, and diversifying our economy with technology firms like Integro - this trend will reverse."

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