According to a new estimate released by the U.S. Census Bureau, approximately 17.4 percent of Hawaii’s residents live in poverty. This is significantly higher then the 12.5 percent previously estimated and is due to new federal calculations that take into considerations Hawaii high cost of living. This new calculation, called the “supplemental poverty measure,” is expected to more accurately show which residents and states have financial need and could greatly effect the amount of federal and state government subsidies given. This new consideration means that 64,000 additional people in Hawaii would be considered to live in poverty, or approximately 229,000 Hawaii Residents in total. Per the Census Bureau, the national average poverty rate is 15.8 percent.
Source: Honolulu Star Advertiser, 11-15-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
