Data reveals rising economic 'distress' across America despite post-pandemic growth
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Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, roughly 52 million Americans live in a 'distressed' zip code, up from 50 million in 2018. Factors used to calculate distress scores include the number of residents with a high school diploma, the poverty rate, the number of adults not working, the housing vacancy rate, the median income ratio, changes in employment, and changes in the number of business establishments. Urban areas across the country have become increasingly 'distressed' while the surrounding suburbs are considered more 'prosperous.' Large urban counties have experienced major population losses, while exurban and suburban counties have seen significant growth. The pandemic has exacerbated these trends as people are able to live further out from cities and still work remotely. Wealth disparities have also been highlighted, with those who can afford to move out of cities leaving behind lower-income residents. Housing affordability issues have been exacerbated by the increase in housing demand. Oklahoma City and Fort Worth are examples of cities facing mixed economic pictures, with distressed areas in their urban cores. Efforts are being made in these cities to address inequality and provide more equal opportunities for residents.
#EconomicDistress #PostpandemicGrowth #EconomicInnovationGroup #DistressedCommunities #UrbanAreas #Suburbs #PopulationChanges #WealthDisparities #HousingAffordability #Inequality
https://finance.yahoo.com/news/data-reveals-rising-economic-distress-across-america-despite-post-pandemic-growth-131451158.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-27 15:56:43
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-27 15:56:43Event JSON
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"content": "Data reveals rising economic 'distress' across America despite post-pandemic growth\n==========\n\nData from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, roughly 52 million Americans live in a 'distressed' zip code, up from 50 million in 2018. Factors used to calculate distress scores include the number of residents with a high school diploma, the poverty rate, the number of adults not working, the housing vacancy rate, the median income ratio, changes in employment, and changes in the number of business establishments. Urban areas across the country have become increasingly 'distressed' while the surrounding suburbs are considered more 'prosperous.' Large urban counties have experienced major population losses, while exurban and suburban counties have seen significant growth. The pandemic has exacerbated these trends as people are able to live further out from cities and still work remotely. Wealth disparities have also been highlighted, with those who can afford to move out of cities leaving behind lower-income residents. Housing affordability issues have been exacerbated by the increase in housing demand. Oklahoma City and Fort Worth are examples of cities facing mixed economic pictures, with distressed areas in their urban cores. Efforts are being made in these cities to address inequality and provide more equal opportunities for residents.\n\n#EconomicDistress #PostpandemicGrowth #EconomicInnovationGroup #DistressedCommunities #UrbanAreas #Suburbs #PopulationChanges #WealthDisparities #HousingAffordability #Inequality\n\nhttps://finance.yahoo.com/news/data-reveals-rising-economic-distress-across-america-despite-post-pandemic-growth-131451158.html",
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