One Out Of Five People In Michigan’s Poorest County Live In Poverty
Growing up as a kid I didn't appreciate how good I had it.
My mom and dad both worked long hard days to provide for me and my brother giving us a typical middle-class life.
But not everyone is so lucky and finds themselves poor and living in poverty.
What Is Poor?
Being "poor" generally refers to a state of lacking material possessions or having insufficient resources to meet basic needs such as food, shelter, and clothing.
It is often characterized by a lack of income or wealth necessary to maintain an acceptable standard of living.
Poverty can be caused by a variety of factors, including lack of good jobs or job growth, lack of education, warfare or conflict, social injustice, lack of food and water, lack of infrastructure, and lack of government support.
24/7 Wall St, has come out with a list highlighting the one county in each state known for being less financially secure than the rest.
Here's what 24/7 Wall St. had to say about compiling the data to discover the poorest county in every state:
"Using five-year median household income estimates from the U.S. Census Bureau’s 2022 American Community Survey, 24/7 Wall St. identified the poorest county or county equivalent in each state. In every county, borough, parish, or independent city on this list, incomes are anywhere from 11% to 66% lower than they are across the state. Annual unemployment data is from the BLS, and all other supplemental data are five-year estimates from the 2022 ACS. While incomes are low relative to the surrounding state in every county or county equivalent on this list, the levels of financial hardship vary considerably."
What Is The Poorest County In Michigan?
According to the list, the poorest county in Michigan is Lake County.
Details about Lake County
Median household income: $45,946 (Michigan: $68,505)
Poverty rate: 20.3% (Michigan: 13.1%)
Unemployment rate: 2022: 7.1% (Michigan: 4.2%)
Adults with a bachelor’s degree or higher: 12.2% (Michigan: 31.1%)
Local population: 12,285
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