- Infowars - http://www.infowars.com -

Bad economy means more could enter poverty

Posted By admin On October 17, 2008 @ 11:58 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled

Associated Press
October 17, 2008

CHICAGO – A new report says poor economic conditions could push more people in Illinois and across the nation into poverty.

  • A d v e r t i s e m e n t

Some of the contributing factors are loss of jobs, decline in wages and not having a high school degree.

The Chicago-based Heartland Alliance Mid-America Institute on Poverty released the report on Friday.

It says about 20 percent of people enter poverty when the head of the household loses a job.

According to the report, many of the forces are outside of the control of individuals. Those include recessions, high unemployment and a decline in the manufacturing sector.

But researchers say a healthy economy doesn’t prevent all entries into poverty.

About 1.5 million, or roughly 12 percent, of Illinois’ 12.8 million residents live in poverty.

Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/bad-economy-means-more-could-enter-poverty/

Copyright © 2015 Infowars. All rights reserved.