Wednesday, August 6, 2014

How poverty is moving to the suburbs

What about the neighbors who live near you?  How many are struggling as they stay hidden behind unremarkable routines?  The economy is not helping millions of people who will never been seen in a bread line.  PB
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From CNBC.com:

...among metro areas hit hardest by the Great Recession, suburban neighborhoods have seen some of the greatest increases in poverty, according to a new study by the Brookings Institution.

And the biggest increases came in neighborhoods already struggling with high rates of poverty.  The recession reversed the economic gains that helped reduce poverty rates in the late 1990s.

But it also has concentrated poverty in suburban communities, many of which now have higher poverty rates than the inner cities they surround.

"In some cases these neighborhoods were last out (of poverty) in the 1990s," said study author and Brookings fellow Elizabeth Kneebone.

 "When the economy turned down, they were first to register those effects once again."

During the 2000s, the poor population living in high-poverty urban neighborhoods grew by 21 percent to reach 5.9 million.

In the suburbs it more than doubled, swelling by 105 percent to reach 4.9 million.

By the end of the decade, suburbs were home to nearly as many high-poverty census tracts as cities, based on American Community Survey data from 2008-2012.

Almost half of all metro area poor residents in high-poverty tracts lived in suburbs...
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Link: http://www.cnbc.com/id/101892537

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