|
Positive
trends in health, safety; income separation grows
The region has shown significant improvement on progress measures for
health and safety. Areas of concentrated poverty were reduced somewhat,
but areas of concentrated high-income households grew.
Making
the Chicago region a place where economic benefits are shared was very
important or a top priority for 83% of the regions residents. Four
out of five residents believe the regions growing economy can benefit
everyone, and 88% agreed that if the entire region is to prosper, then
low-income neighborhoods must also prosper.
 |
 |
|
All people and places will benefit from the regions prosperity. |
Per capita income for the regions residents, adjusted for inflation,
rose 25% between 1990 and 1998, nearly double the national rate of 13%.
Per capita income rises when a region generates wealth faster than the
population increases it is a bottom-line measure of wealth creation.
Since income gains rarely fall evenly across households in a region, a
good indicator of how prosperity is being shared is how fast income is
growing for lower-income households. During most of the 1990s, annual
income for low-income households in the Chicago region rose at three times
the national rate. Incomes rose an average of 6.2% per year, compared
to about 2% nationally. Income levels for the highest 20% of households
also outpaced the national rate, growing at an annual average rate of
2.7% compared to 1.8% nationally.


|