Thursday, September 27, 2012

Illinois Issues blog: New statistics show poverty continues to grow in Illinois

 

By Jamey Dunn
New data from the U.S. Census Bureau shows that poverty continued to grow in Illinois in 2011.
According to estimates from the census bureau’s American Community Survey, about 1.9 million Illinoisans were living in poverty in 2011. That compares with about 1.7 million living below the poverty line in 2010. Last year, the census bureau considered a family of three with a household income of $17,916 or less to be living in poverty; in 2010 it was $17,374 for three people. In 2011, 15 percent of Illinois residents were living in poverty, which is a jump from 13.8 percent in 2010. The numbers from the census bureau are the most current comprehensive statistics available on poverty. For more on 2010 poverty numbers, see this Illinois Issues Blog post.
According to the bureau's findings, the median household income in the state has been slipping during the last three years for which figures are available. In 2011, it was $53,234, down from $58,743 in 2008.
Nationally, the poverty rate held relatively steady. It was 15.3 percent in 2010 and increased slightly to 15.9 percent in 2011. About 48.5 million Americans were living in poverty last year.

Read the entire report by going to the following:  Illinois Issues blog: New statistics show poverty continues to grow in Illinois

Mitt Romney tells voters: If I'm elected, don't expect huge tax cuts - Yahoo! News

By Mark Trumbull | Christian Science Monitor –

Don't be expecting a huge cut in taxes, because I'm also going to be closing loopholes on deductions," Mr. Romney said Wednesday in Westerville, Ohio, flanked by a national debt clock, chronicling the nation's rising burden on future taxpayers.

The comments in some ways raise as many questions as they answer.

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Click on the following for the rest of the story:  Mitt Romney tells voters: If I'm elected, don't expect huge tax cuts - Yahoo! News