24/7 Wall St.
While high poverty in some urban areas comes as no surprise, the growing poverty rates in a few suburban areas have been more unexpected. In an attempt to better understand this trend, 24/7 Wall St. analyzed the 10 metropolitan areas with the highest rates of poverty in their suburbs.......
The trend toward suburban poverty has been under way for nearly a decade. And iIn some metropolitan areas, the poverty rates in the suburbs are higher than in the cities they surround.......
Most of these regions have also been hit by the housing blight. Fallinghome pricesand houses with values below their mortgages mean that income improvement will be constrained.......
In other words, many residents in these areas are trapped both economically and physically. The combination of those factors leaves these suburbs in a situation where a recovery is nearly impossible.......
The trend toward suburban poverty has been under way for nearly a decade. And iIn some metropolitan areas, the poverty rates in the suburbs are higher than in the cities they surround.......
Most of these regions have also been hit by the housing blight. Fallinghome pricesand houses with values below their mortgages mean that income improvement will be constrained.......
In other words, many residents in these areas are trapped both economically and physically. The combination of those factors leaves these suburbs in a situation where a recovery is nearly impossible.......
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