NC Economic Progress and Well Being.

SB 732 requires North Carolina's Department of Commerce to measure economic well-being using specific, publicly reported metrics like poverty rates, living wage job access, housing/childcare costs relative to income, and concentrated poverty areas. The bill appropriates $200,000 annually (2025-2027) to conduct bi-annual analyses and submit reports to the General Assembly by January 31 each odd-numbered year. These reports must include data on hardship, cost burdens, education costs, and neighborhood conditions across all counties. The law directly affects how state policymakers assess economic progress, shifting focus from market metrics alone to people's lived experiences. It does not change existing laws but establishes a framework for measuring policy impacts on residents' economic security.