This is an example of a city which cannot be saved.
(1) At this point, the city of Detroit owes money to more than 100,000 creditors.
(2) Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident.
(3) Back in 1960, the city of Detroit actually had the highest per-capita income in the entire nation.
(4) In 1950, there were about 296,000 manufacturing jobs in Detroit. Today, there are less than 27,000.
(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. 25 Facts