More than 50 million Americans live in economically distressed regions plagued by high levels of unemployment, poverty and fiscal anxiety, according to a new report that highlights just how uneven the domestic recovery has been.
The report from the Economic Innovation Group profiles the degree to which more than 25,000 ZIP codes accounting for 99 percent of the U.S. population have recovered in the aftermath of the Great Recession. It shows a widening gap between historically more prosperous regions – most of which are flourishing in the current recovery – and impoverished areas, where economic conditions may have actually worsened since the financial crisis concluded in 2009.
By: Andrew Soergel, U.S. News and World Report
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