The Great Recession’s Impact on State Poverty Rates, Income
The Great Recession has had a far-reaching and prolonged impact on poverty rates and income across the country with some places – like Greenwood County, South Carolina – seeing their poverty rates double and median household income drop by nearly $12,000, according to the New York Times. From 2007 to 2010, poverty rates increased in every state except five. The same is true for median household income – all states but five experienced decreases. In 2010, poverty rates ranged from a low of 6.6 percent in New Hampshire to a high of 22.7 percent in Mississippi. Check out The State of Poverty 2010 to learn more.
Source: The New York Times