  Texorama Member Username: Texorama Post Number: 326 Registered: 12-2006 |
Haven't seen this brought up: http://freep.com/article/20081 209/NEWS06/812090310 The figures are pretty staggering: Detroit's household income down 26 percent since the year 2000, Hamtramck down 40 percent, Auburn Hills down 39 percent, all adjusted for inflation. No area is immune from what are really Depression-like declines, although Washtenaw County registered a decline of only 7 percent. These are figures that one associates with the collapse of the Soviet Union, or with Third World countries that experience disastrous swings in the prices of their main commodities. Given that we're clearly not at the bottom yet, this paints a scary picture, although the bright side would be that the social fabric has held together pretty well, again in comparison with similar events elsewhere. | ||
Novine Member Username: Novine Post Number: 912 Registered: 07-2007 |
Auburn Hills is a bit of an outlier. It's residential mix tends to be more blue-collar than the surrounding 'burbs like Troy and Rochester Hills. It has a ton of corporate offices but most of those people don't live in AH. I bet you'll see similar numbers across a lot of communities in the US. The past 8 years haven't been kind to a lot of income levels. |
