Long Declared Over, Great Recession Lingers in Key Colorado Measures

The five-year American Community Survey, a report late last year from the U.S. Census Bureau, found that Coloradans were pinched economically by the Great Recession and still haven’t fully recovered.

The recession began in December 2007 and didn’t end until June 2009, according to the National Bureau of Economic Research, making it the longest and deepest economic decline since the Great Depression of the 1930s.

Its impact on income and poverty in Colorado lingers, according to the survey. Median household income in the state continued its downward trend, $58,244 in 2012, compared with inflation adjusted figures of $58,879 in 2011 and $59,443 in 2010.

Median family incomes varied dramatically by county, ranging from $101,108 in Douglas County to $25,309 in Costilla County, the survey reported.

During the same time period, poverty rates in the state continued to inch up.

The new survey found that 12.9 percent of Coloradans were living in poverty in 2012, compared to 12.5 percent in 2011 and 12.2 percent in 2010.

Among children, the percent of under 18-year-olds in poverty rose to 17.1 percent in 2012, compared to 16.6 percent in 2011 and 16.2 percent in 2010.

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