Posts tagged "income"

Chicago lags four other major cities in income mobility

Chicago lags four other major cities in income mobility
Bootstraps, anyone? The chance that a child from a Chicago family at the bottom income level can ever climb to the highest level is lower than in four other major cities – New York, Los Angeles, Houston or Philadelphia. A Chicago child raised in a low-income household has a 6.1 percent chance of earning more... Read more »

For every additional dollar a middle-class Chicago family makes, they're now facing an extra $2 in housing and transit costs

For every additional dollar a middle-class Chicago family makes, they're now facing an extra $2 in housing and transit costs
Everyone needs a place to live. And a job so they can pay for that place to live, and a way to get from where they live to where they work. But what if the cost of where you live and how you get to work is outpacing how much you earn on the job?... Read more »

Segregation in Chicago is a complex interplay between race and income: study

Segregation in Chicago is a complex interplay between race and income: study
We all know Chicago is segregated, right? The most segregated city in America, as a matter of fact, even with the increased integration that’s happened in the last 10 years. But our segregation problems aren’t just about race. They’re about income too, and the web of connections between what it means to be poor and... Read more »
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Northwestern study says the 1 percent aren't so bad

Northwestern study says the 1 percent aren't so bad
America’s wealthiest 1 percent have gotten a bad rap as of late. Depending on your perspective, you might think their representation as greedy, disinterested and selfish is or isn’t deserved. But some social scientists at Northwestern University decided to survey 104 Chicago-area households that make more than $7.5 million to ask them about their attitudes... Read more »

New report: Latinos in Chicago contribute more in tax revenue than public services received

The Latino population in the Chicago area contributed more in tax revenue than the cost incurred by local governments to deliver public services, a newly released study found. Latinos contributed almost $1.2 billion more in tax revenues than the cost of public services such as education, health care and other services like public safety, according... Read more »

Upside down: Poverty keeps rising, incomes keep falling

Upside down: Poverty keeps rising, incomes keep falling
More and more Americans are sliding into poverty, seeing diminishing incomes and joining the ranks of the uninsured. Those are three of the top findings in “Income, Poverty, and Health Insurance Coverage in the United States: 2010,” the U.S. Census Bureau’s annual snapshot of economic trends in U.S. households. There’s a lot to chew on... Read more »
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Why the widening wealth gap is no big surprise to Chicago

Why the widening wealth gap is no big surprise to Chicago
Big and terrible news yesterday: the wealth gap between white people and minorities is widening. It was already wide – enormous, in fact. But it’s gotten worse. Take a look at the graph at the top. Every group has taken a hit since 2005 because of the recession. But the net worth of Hispanic and... Read more »

Got a disability? You'll see the difference in your paycheck

A lot of people might assume that if you have a disability, you might not make as much money as someone without a disability. But how much less? How hard is it for people with disabilities in Illinois to get by compared to their neighbors? Well, it depends on where you work. That’s what The... Read more »

News Roundup: Illinois about to get big bill

Illinois will soon have to pay the interest on the $2.2 billion borrowed from the federal government to replenish a depleted Unemployment Insurance Trust Fund. The $250 million interest payment is due in the next 15 months, and is just one in a backlog of unpaid state bills and pension obligations. While the borrowing has... Read more »
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News Roundup: Chicago experiences gains in labor market recovery

According to the Illinois Department of Employment Security, Chicago’s unemployment rate dropped to 9.7 percent in August, a decrease from last year’s figure of 10.1 percent. Eight other metro areas in Illinois experienced a similar decline. Judging from the Reporter’s analysis of the Department of Employment Security’s numbers in 2008, this slight job growth probably... Read more »