More Fallout from the Great Recession

posted by Jack Lee

A new report says that the number of Americans living in neighborhoods with extreme poverty grew markedly in the last decade, erasing gains the United States made in eradicating poverty in the 1990s.

The Washington-based Brookings Institution research group said Thursday that at least 2.2 million more people now live in communities where at least 40 percent of the residents are poor. That is about a third more than the nearly seven million people living in concentrated poverty in 2000. The U.S. defines poverty as a family of four living off an annual income of $22,300 or less.

The nation’s worst economic downturn in 70 years left millions of people out of work, and often forced them out of their homes when they could no longer pay their mortgages. The report’s author, Elizabeth Kneebone, said that with falling household income, the “2000s took an economic toll.”

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