“Some numbers are really scary! Some numbers make me angry!” @ WBEZ
Posted on October 9, 2012
Al Gini — October 9, 2012: “Even though we are in the second full year of recovery from the stunning financial effects of the 2008 Recession, according to a recently issued Census Bureau report, the overall National Rate of poverty is a staggering 15 percent, and national median income (the point on the income scale where half earn more and half earn less) has declined by 1.5 percent.
When you translate these percentages into real numbers the issue becomes even more alarming. The national household median income is $50,054 and in Chicago it is $43, 628, a drop of 4.7 percent since 2010. The national standard for poverty is an annual income of $23,021 or lower for a family of four. That means that the national poverty rate is 15 percent or 47,123,889 people, and the Chicago poverty rate is 19.7 percent or 261,400 people…………………..”
Read more at WBEZ.