Income inequality in Kentucky has grown significantly since 1979 and Fayette County is among the counties with the greatest inequality, says a study released last week by the Kentucky Center for Economic Policy.
In Lexington/Fayette County, the average income of the top 1 percent was nearly 20 times higher than that of the remaining population — with the average income of the top 1 percent in Fayette County at $860,607 and the bottom 9 percent with $43,553.
The University of Kentucky will establish a new data center to advance research of poverty, health care and other important indicators in U.S. populations.
The Kentucky Research Data Center will be housed at UK’s Gatton College of Business and Economics, heading up a consortium that includes Indiana University, Ohio State University, University of Cincinnati and University of Louisville. The U.S. Census Bureau has established 25 other research data centers at schools around the country.
Following the example of Louisville and Nashville, Lexington will soon start a program to help get longtime homeless people off the streets.
Earlier this month, the Urban County Council approved a three-year, $750,000 contract for the Hope Center, a homeless shelter in Lexington, to provide housing and case management to 20 people.
In addition, the council will soon be asked to approve a $40,000 contract for the University of Kentucky's Center for Business and Economic Research to determine whether the program is successful and cost-effective.
Excerpt from article published on 12 Dec. 2016 by Courtney Balestier. For full article, click here.
Excerpt from article published on 12 Dec. 2016 by Courtney Balestier. For full article, click here.
Lexington, Ky. (WKYT) - The 27th annual economic outlook conference took place this morning at the Lexington Convention Center where experts say the forecast for this year is looking good.
"We're looking at the same numbers and we're drawing the same conclusions, which is that fundamentally the economy looks strong," says Chris Bollinger.
Bollinger is the Director for the Center for Business and Economic Research at the University of Kentucky. Bollinger was one of five guest speakers at the conference. He says Kentucky's 2016 outlook is looking good.