May 5, 2009
Poverty rate expected to rise
By The Mainebiz News Staff
Maine's poverty rate continues to remain below the national average, but researchers expect the number of people living in poverty will continue to grow, according to a report released by the University of Maine's Margaret Chase Smith Policy Center and the Maine Community Action Association.
The Poverty in Maine Update found that the state's two-year average poverty rate for 2006-2007 was 12.5%, unchanged from the average for 2005-2006. The national rate dropped slightly from 13.3% to 13.2% during the same time period. Maine's poverty rate has grown steadily from 10.1% in 2000-2001, and is expected to rise during 2008-2009 due to the global economic recession, according to the report. Read the entire report here.
Most Recent
Most Recent
Comments