After the better half of a decade, poorer areas in the U.S. are facing difficulties recovering from the recession, while wealthier portions of the country are moving forward.
Nelson D. Schwartz of The New York Times looks at a soon-to-be released by The Economic Innovation, a new nonprofit research and advocacy organization, that breaks down areas as small as individual zip codes and provides details of the nation's growing inequality. From 2010 to 2013, for example, employment in the most prosperous neighborhoods in the United States jumped by more than a fifth, according to the group’s analysis of Census Bureau data. But in bottom-ranked neighborhoods, the number of jobs fell sharply: One in 10 businesses closed down.
“The most prosperous areas have enjoyed rocket-shiplike growth,” said John Lettieri, senior director for policy and strategy at the Economic Innovation Group. “There you are very unlikely to run into someone without a high school diploma, a person living below the poverty line or a vacant house. That is just not part of your experience.”