Wednesday, August 27, 2008

Headline and excerpts from National News Story

INCOMES FALL IN MICHIGAN, NUMBER IN POVERTY RISES

Michigan was the only state where poverty rose last year, as well as the only one where incomes fell, according to U.S. Census Bureau statistics released Tuesday that illustrate the uniqueness of the state's economic swoon.

Michigan's poverty rate was 14 percent, up from 13.5 percent in 2006 and more than a full percentage point above the national rate, which was virtually unchanged during the same period. The state's rate has grown steadily since 2000, when it was just above 10 percent. The number of people in poverty increased by 45,000 during 2006-07.

The 2007 median income in Michigan was $47,950, down 1.2 percent or $596 from the 2006 median of $48,546. The state's nationwide ranking slid from 24th to 27th.

Nationwide, the median household income rose to $50,233, a modest increase of $665 from the previous year, although it was the third consecutive annual rise.

They also showed Michigan's rate of "extreme poverty" - a yearly income of less than half the poverty threshold, or $10,325 for a family of four - jumped from 6 percent in 2006 to 6.5 percent last year. Eight years ago, the rate was 4.8 percent.

The child poverty rate increased from 17.8 percent to 19 percent between 2006-07, while the national rate stood at 17.6 percent.

Detroit's poverty rate of 33.8 percent was highest among cities of 250,000 or more, while Kalamazoo and Flint tied for fifth among cities of 65,000 to 249,999 people. Both had rates of 35.5 percent.

2 comments:

  1. In other news, Britney Spears admits she was the father of Anna Nicole Smith's baby.

    ReplyDelete
  2. I take it you're one of those people who believe if you ignore problems, they don't exist. Let me guess, you're a Democrat, right?

    ReplyDelete

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