Monday, September 26, 2011

20% Decline in Median Income

On Sunday, September 25th, the Flint Journal reported a decline throughout the county in median income. In the last ten years, from 1999 to 2009, the city of Clio has lost 23.6 %; Thetford has lost 20.4% and Vienna has lost 11.6%. 

When looking at real numbers, that means that half of the households in the city of Clio make less than $35,421 a year and half make more than that.  In Thetford, half make less than $48,342 and half make more.  In Vienna, half make less than $53,339, and half make more. 

That's no surprise when we see the increase in demand for services from the Clio Human Services Fund, Clio Schools, our church benevolent funds, and others.

The Flint Journal goes on to tie this decline to the low percentage of people with a four-year education.  It's true that the hottest economic areas in the US have over 50% of the households with a BA or better.  In Genesee County, we have about 19% with a BA.  The Clio Area is lower than the County average.

The solution seems obvious from the article.  We need to concentrate on getting our young people to gain some college degree or certificate or skill that produces a job and some decent income.  Education seems to be our only way out of this decade of decline.

What do you think? 

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