The number of high-poverty neighborhoods in the U.S. has increased at an alarming rate over the past 38 years, according to a new report out Tuesday from the Economic Innovation Group.
Why it matters: The analysis found that more and more neighborhoods that fall into poverty end up staying there. Stagnant wage growth in these places has made it very difficult for them to improve their fortunes even in good times — and that was before the severe economic crisis brought on by coronavirus.
Read more here.
