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Thu September 20, 2012
MI residents earning less, report says
DETROIT, MI-- Incomes continue to fall and poverty rates are climbing in Michigan.
That's according to data released Thursday by the U.S. Census Bureau.
The Detroit Free Press says the numbers show that from 2010 to 2011, the statewide median household income fell by 1.5 percent and the percentage of people living in poverty jumped from 16.8 percent to 17.5 percent.
The census figures show Michigan's income fell more than the nation's as a whole. The typical Michigan household brought in $45,981 in 2011. That's about 9 percent less than it did in 2008.
The census defines poverty as annual income of $23,021 or less for a family of four. By that definition, poverty rose in Detroit to 40.9 percent, with the figure for children younger than 18 at 57.3 percent.