Don’t let the white picket fences fool you.
Suburban poverty has grown faster than anywhere else in the country over the last decade, at a rate of 64% since 2000, according to “Confronting Suburban Poverty in America,” a new book by the Brookings Institute.
For the first time ever, the number of poor people in America’s largest suburbs outnumbers those in cities. It’s a nationwide trend that’s left pretty much no region untouched.
Eighty-five of the nation’s 95 largest metro areas saw a rise in poor households between 2000 and 2011.
“As jobs moved into suburbs—particularly lower-paying jobs in sectors like retail and hospitality—poverty did, too,” the authors write. “And job losses triggered by the Great Recession in industries like construction, manufacturing, and retail hit hardest in suburban communities and contributed to rising suburban unemployment and poverty.”
The increase in poverty was tracked by the Brookings Institute in “Confronting Suburban Poverty in America.”
Dallas metro area includes Fort Worth and Arlington. The increase in poverty was tracked by the Brookings Institute in “Confronting Suburban Poverty in America.”
Charlotte metro area also includes Gastonia and Rock Hill. The increase in poverty was tracked by the Brookings Institute in “Confronting Suburban Poverty in America.”
See the rest of the story at Business Insider
Suburbs Where Poverty Is Soaring – Business Insider.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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