Those Left Behind From The Current Economic Prosperity, Will Likely Never Be Able To Catch Up…
Posted By thestatedtruth.com on September 25, 2017
Economic prosperity is concentrated in America’s elite zip codes, but in an interesting report on Distressed Communities, from The Economic Innovation Group, it is increasingly clear that economic stability outside of those communities is rapidly deteriorating.
As Axios noted, this isn’t a Republican or Democratic problem. At every level of government, both parties represent distressed areas. But the economic fortunes of the haves and have-nots have only helped to widen the political chasm between them, and it has yet to be addressed by substantial policy proposals on either side of the aisle.
Economic Prosperity Quintiles
As MishTalk.com’s Mike Shedlock writes below, the study notes:
“America’s elite zip codes are home to a spectacular degree of growth and prosperity. However, millions of Americans are stuck in places where what little economic stability exists is quickly eroding beneath their feet.”
Distress is based on an evaluation of seven metrics.
- No high school diploma
- Housing vacancy rate
- Adults not working
- Poverty rate
- Median income ratio
- Change in employment
- Change in business establishments
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