Saturday, September 23, 2023

The Poorest City in Wisconsin has been Revealed

 


The results have been revealed and the poorest city in Wisconsin is Milwaukee with a poverty rate of 23.8% making it the 19th poorest city in the nation.

With a population of 577,222 as of the 2020 census, Milwaukee is the 31st most populous city in the country, the fifth-largest city in the Midwest, and the largest city in the state of Wisconsin.

According to economic policy experts, there are several reasons Milwaukee is one of the poorest cities in the nation.

One point made in the article linked above is that, like most urban areas located in the Midwestern United States, Milwaukee never really developed a strong middle class. Instead of creating a business strategy like many other cities, the city created a work strategy. When deindustrialization happened in the 1970s, most residents lost their jobs and only source of income.

To learn more about the poorest cities in the nation, you can check out the full list published on Yahoo! Finance.

Story Source: NEWSBREAK or CLICK HERE for story source

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