Showing posts with label Akron economy. Show all posts
Showing posts with label Akron economy. Show all posts

Thursday, February 18, 2016

From akros to nadir

Akron is from the Greek akros, meaning high point. Not any more. Today, a middle French word, nadir, is a better description.

Akron -- with the economy-boosting rubber shops long gone -- is as stagnant as a pool of water waiting for mosquitoes to take over:

57% increase in individuals living in poverty, an alarming jump  from the 27% in 2013.

Per capita income down 16%.

Median household income fell by $9,158 to $33,909, more than double the national figure.

Population down 8.3%.

20% have a college degree.

Zero growth in the percentage of young ­professionals living in the city.

To read Rich Armon’s story about the Columbus-based Greater Ohio Policy Center findings, click on http://www.ohio.com/news/local/new-report-offers-troubling-picture-of-akron-1.662581#.VsW6Ok1mQFs.email