Many Americans live in prosperous communities, but about 1 in 6 lives in a distressed ZIP Code. The challenge includes lots of “old-industry” cities in the Northeast and Midwest, as well as much of the rural South. Steven Glickman of the Economic Innovation Group, which conducted the research, says the inequality is fueled not just by gaps in education but also by a dearth of new-business formation and investment, especially in the distressed zones. “ZIP Code now is deciding economic destiny,” he says.
By: Mark Trumbull, The Christian Science Monitor
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