Tuesday, Oct 25 2011 12:38PM
Many of the nation's disadvantaged residents live in states affected by foreclosures, Census data shows.
According to statistics released by the Census Bureau, 3.3 million more people lived in poverty in the U.S. last year than the year before.
The data shows 32 states experienced a rise in poverty - many of which have been hit hard by foreclosures in recent years, including Nevada and California.
The Census Bureau states Arizona and Nevada were two of 16 states where the ratio of people living beneath the poverty level was 16 percent or higher. Additionally, many other western states had at least 13 percent of their populations living below the poverty level.
Tom Feltner, vice president with the Woodstock Institute, a nonprofit organization that promotes housing equality for low-income and minority residents, told HousingWire many of the states with substantial poverty rates also have high foreclosure and default rates.
Janneke Ratcliffe, a senior fellow at the Center for American Progress, stated the statistics indicate the need for more affordable housing, due to considerably low incomes of residents nationwide.
For further reference, check out these sources:
Census Bureau,
HousingWire