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single mothers, employers, community partners, and elected officials. |
Through a detailed analysis, the project partners identified that |
families with children under 18 and no spouse present were the group |
with the most need in the city. As 80% of head of the families with |
children under 18 and no spouse present are females, the project |
partners decided to focus the pilot project on assisting single mothers |
to maximize the positive impact on the community. At the conclusion |
of the pilot, systemic changes and new policies will be introduced and |
adopted, along with the creation of a roadmap that will help and |
empower other communities to dismantle their barriers to economic |
mobility. |
Equity: Building Pathways to Economic Opportunity & Success |
The economies of Broward, Miami-Dade and Monroe counties are |
robust with exceptionally low unemployment rates, ranging from 1.7% |
in Monroe County, 2.8% in Broward County, and 3.0% in Miami-Dade |
County as of March 2022.39 However, measures of income and poverty |
show another side to the economic story of the tri-county area of South |
Florida. |
Only Monroe County with a Median Household Income (MHI) of |
$72,012 had a MHI higher than the national average of $67,521 in 2020. |
This compares to a Broward County MHI of $60,922 and Miami-Dade |
County MHI of $53,975. Additionally, 2020 Per Capita Income (PCI) in |
Miami-Dade County at $29,598 and Broward County at $34,063 was |
below the national PCI of $35,808. Monroe County’s PCI of $47,382 was |
higher than Broward’s and Miami-Dade’s PCI, and the nation as a |
whole in 2020. The nation’s poverty rate in 2018 was 11.8% compared |
to Miami-Dade County at 16%, Broward County at 13%, and Monroe |
County at 8%. By 2020, the poverty rate had dropped slightly to 11% |
in Broward County, 15% in Miami-Dade, and increased in Monroe |
County to 10.2%.40 This compares to a 2020 poverty rate of 13.3% in |
Florida and 11.4% in the nation as a whole according to U.S. Census |
Bureau Quick Facts. |
Not all communities in South Florida are benefiting from the region’s |
economic activity and participating in its benefits. To ensure that all |
communities can participate in the benefits of South Florida’s economy |
and workforce it is necessary to identify and remove barriers to |
participation in the economy by improving the access of communities, |
especially low-income communities, to enhanced opportunities to |
education, workforce training, well-paying jobs and careers, essential |
services, affordable housing, transportation options, childcare, etc. |
Courtesy of the Florida Chamber Foundation |
51 | Page |
Nationally, economic inequality, whether measured through gaps in |
income or wealth between richer and poorer households, continues to |
widen.41 A 2020 Pew Research Center report42 examining trends in |
income and wealth inequality found that although household incomes |
were growing again after a lengthy stagnation, the gaps in income |
between upper-income and middle- and lower-income households are |
rising, and the share of wealth held by middle-income households is |
falling. |
A 2019 Study Toward a More Inclusive Region: Inequality and Poverty in |
Greater Miami of the Miami Urban Future Initiative at Florida |
International University found that despite the region’s booming |
economy and tremendous wealth, there is a high level of economic |
inequality in the region. This high level of economic inequality in the |
South Florida is due in part to the shrinking middle class and |
prevalence of low-paying service jobs. |
The Pew Research Center defines “middle-income” adults i.e. “middle |
class” in 2021 as those “… with an annual household income that was |
two-thirds to double the national median income in 2020, after incomes |
have been adjusted for household size, or about $52,000 to $156,000 |
annually in 2020 dollars for a household of three. ‘Lower-income’ |
adults have household incomes less than $52,000 and “upper-income” |
adults have household incomes greater than $156,000.”43 They |
continue, “But being middle class can refer to more than just income, |
be it the level of education, the type of profession, economic security, |
home ownership …”. |
In the Miami Urban Future Initiative report, the authors defined |
“middle class” as households earning between two-thirds and double |
the national median income between 2015 and 2017. According to the |
authors, in 2017 Greater Miami had the ninth-highest rate of poverty |
amongst 53 large metros, behind only New York. They found that the |
middle class had shrunk from 65% in 1970 to just over 40% in 2017. The |
region also has the highest elder poverty rate among large metros, |
deeply concentrated poverty which is most pronounced in South |
Florida’s black and Hispanic populations; and a youth poverty rate |
(children under the age of 18) of 19.3% which is higher than the overall |
youth poverty rate 0f 17.5 in 2017. 44 45 |
Common equity indicators include Economic Opportunity, Education, |
Housing, Public Safety, Governance, and Public Health. The Florida |
Department of Health releases annual County Health Rankings for |
health outcomes and health factors prepared by the University of |
Wisconsin Population Health Institute46. The data tool the University has |
created allows researchers to compare data by county in the United |
States. |
The County Health Rankings includes data on education, jobs, |
incomes, and the environment which impacts how healthy people are |
and how long they live. While all the counties in South Florida fared |
better in 2022 for health outcomes (length and quality of life), when |
compared with 2017, rankings or health factors (health behaviors, |
access to and quality clinical care, social and economic factors, and |
physical environment) fell in all three counties. The percentage of the |
population with health insurance was decreasing through 2020 but |
appears to have increased in 2022. In 2022, the insurance data is |
collected as a percentage of adults and children. It is curious that while |
the ranking in health outcomes score rose in 2022, the ranking in health |
factors score decreased. The 2020 Rankings include data predating the |
COVID-19 pandemic. |
The concept of “Equity” recognizes that communities in economic |
distress need greater investment to help individuals close the gap |
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