Final Note

Detroit: Just how bad is it?

Kai Ryssdal Jul 18, 2013
HTML EMBED:
COPY
Final Note

Detroit: Just how bad is it?

Kai Ryssdal Jul 18, 2013
HTML EMBED:
COPY

And this final note, as we reported on today’s show, the city of Detroit has filed for bankruptcy — the biggest municipal default in U.S. history.

Just to give you an idea of things:

  • 700,000 people live in Detroit today — less than half the city’s population in 1950.
  • The unemployment rate is now above 18 percent.
  • Less than half of Detroit residents over the age of 16 are working.
  • Per capita income is just over $15,000 per year.
  • And though it’s still called the Motor City, there is only one auto plant currently operating in the city.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.