Business

25 Sad Facts About Detriot

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02

This list comes from a blog that seems suspicious, but all of the facts have links out…so let’s give them the benefit of the doubt.

Here are some depressing examples on the list…

  • 7) At this point, there are approximately 78,000 abandoned homes in the city.
  • 8) About one-third of Detroit’s 140 square miles is either vacant or derelict.
  • 9) An astounding 47 percent of the residents of the city of Detroit are functionally illiterate.
  • 10) Less than half of the residents of Detroit over the age of 16 are working at this point.
  • 11) If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.
  • Did it really need to come to this for Detroit? The decline in manufacturing was at the heart of this downfall…but nobody could attract any other businesses? Other big cities were able to survive drops in manufacturing, but obviously this city was hit harder than others given the industry that was at the heart of it all.

    Ultimately, the city didn’t have the right leadership at the helm to look to the future and see what could be next. And now we have this…a failed city. A major failed city. Ugh. Makes me sad.

    So what do you think they could have done to avert this…or at least partially avert this?

    Read all 25 at The Economic Collapse Blog.