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Bad economy means more could enter poverty
Posted By admin On October 17, 2008 @ 11:58 am In Economic Crisis | Comments Disabled
October 17, 2008
CHICAGO – A new report says poor economic conditions could push more people in Illinois and across the nation into poverty.
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.
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