 About 39.6% of families and 42.6% of the population were below the poverty line, including 52.5% of those under age 18 and 29.7% of those age 65 or over.The Michigan Treasury Department in 2009 sent a team to look into the city's finances.The team's report was a long list of mismanagement to the point that budgets were "effectively meaningless as a financial management tool."