This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Report: 1 In 3 Illinoisans Living In, Near Poverty

By TAMMY WEBBER

CHICAGO (AP) â¿¿ One-third of Illinois residents are living in or near poverty, more than during the depths of the Great Recession, according to a new report that suggests the trend is not slowing and that state budget cuts have exacerbated the problem.

Almost 1.9 million Illinoisans, or 15 percent, live in poverty, up from 12 percent when the recession began in late 2007. An additional 2.2 million, or 18 percent, are close to the poverty level, compared with 16.2 percent in 2007, according to the report issued Wednesday by the Chicago-based Social IMPACT Research Center.

"It really is kind of shocking that a full third of the state is struggling," said Amy Terpstra, the center's associate director.

Poverty is defined as an annual income below $23,021 for a family of four. Almost half of those in poverty earn half that. Those considered low-income earn between 100 percent and 199 percent of poverty. The study is based on the U.S. Census Department's 2011 American Community Survey.

Terpstra said near-poor residents often hold low-wage jobs with too few hours and no health benefits, yet don't qualify for state or federal assistance. She said someone generally must make twice the poverty level to make ends meet without assistance, but in Illinois, that amount is higher because of the state's cost of living.

Other indicators of poverty â¿¿ food stamp use and emergency food assistance â¿¿ appear to support the survey.

The number of food stamp recipients increased 19 percent during the recent recession, and has increased an additional 41 percent since it ended in June 2009.

Households served by the state's emergency food program spiked from 2.27 million in fiscal year 2009 to almost 3 million in 2012, although the amount of food distributed in those years was about the same, just over 23 million pounds, according to the Illinois Department of Human Services, which distributes federal surplus commodities to food banks.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs