Measuring DFW's Ability to Achieve the American Dream
Have you seen Forbes.com's new American Dream Index? They just released this latest examination of "the prosperity of the middle class". This new monthly index measures a multitude of economic factors broken down by state. Some of the factors Forbes look at include employment items like goods-producing employment, unemployment insurance claims, labor force participation, and layoffs. Other items such as personal and commercial bankruptcies, building permits and startup activity are also reviewed.
The full results can be seen in the map below.
Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:
“[B]usinesses are hiring in part in anticipation of tax cuts and less regulation... Many areas of the country have experienced strong upticks in employment and construction, as well as declines in unemployment claims since the start of the year.”
Texas holds its own among the Southern US states, and the country as a whole. That should be no surprise if you've been watching any of the news articles to come out about growth and employment here in DFW. Cities like Southlake, Keller, North Fort Worth and Trophy Club have certainly benefited from the area's vibrant and diverse economy, attracting new and relocating businesses, retail and home construction.
The American Dream, for many here in North Texas, includes home ownership. Not only is homeownership something to be proud of, but it also allows households to accumulate wealth. And studies show it's the basis for a number of positive social, economic, family and civic outcomes. If you're considering a move, give me a call. I'd be glad to buy you a cup of coffee and explore what this vibrant and diverse area can offer you.