The U.S. economy right now is a pretty mixed bag: On Tuesday, the White House released a reassuring economic report that says the overall U.S. economy has rebounded strongly since the Great Recession, and that it’s still on the rise. But the report also acknowledged that rising wealth and income disparities urgently need to be addressed.
A new report by the Economic Innovation Group, a nonprofit focused on researching and advocating on America’s economic challenges, confirms this duality. The report looks at how the nation’s poorest communities have fared during the recovery and it finds that for these places, the recovery is a distant phenomenon, something taking place far away. Wealthy communities, by contrast, have been booming.
By: Bouree Lam, The Atlantic
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