Which cities have the widest gap between wealth and poverty?

income-inequalityWatch this Wall Street 24/7 video and find out. And yes. Bridgeport-Stamford-Norwalk is No. 1.

You can read more here. And thanks, Jac, for the link.

Published by datingjesus

Just another one of God's children.

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  1. You might be interested in the new Urban Institute research report, Worlds Apart: Inequality between America’s Most and Least Affluent Neighborhoods [PDF].

    There’s even a cool map that you can use to view Connecticut data zoom in on the Bridgeport-Stamford-Norwalk area, among others.

    WaPo coverage here.

    Look across time, and neighborhoods at the top and bottom are remarkably stable. Deeply poor places tend to stay that way, but so do incredibly wealthy ones. And they do that by design, often through housing and zoning policies that keep out more affordable apartments and rental housing (these are the kinds of policies that Supreme Court Justice Anthony Kennedy singled out as violations of fair housing last week).

    Related: Douglas Rice of CBPP with perspective onWhy It Matters:

    Housing location makes a difference in low-income children’s short- and long-term success, as we detail in our new paper. There’s growing evidence that violent, stressful, high-poverty neighborhoods can compromise children’s cognitive development, school performance, and health — and that low-poverty neighborhoods with high-quality schools improve low-income children’s school performance.

  2. Good points. I feel like there is plenty to substantiate – things suck – on this issue and so many others. Perhaps I’m having an off day, I don’t know. It seems we don’t see enough from people smarter than me on how to fix things. Until there are widely accepted, valid and reliable studies done that identify the fixable variables that result in poor socio-economic outcome for the majority of the US population, with plans to fix them, we’ll continue to spin our wheels and accomplish nothing. The problems are complex. Society and politicians thrash about, complain, argue and then do nothing substantial. It’s frustrating.

    1. I don’t see the problems as all that complex. I think there’s a significant minority that wants us to believe these problems are complex, but that doesn’t make it so.

      Three things must change to begin the mitigation of social immiseration in America:
      Labor share of GDP
      Corporate person share of GDP
      Government spending as a share of GDP

      The solutions to those issues are fairly simple and have been well known since the 19th century. Otto von Bismarck embraced them. So did FDR. So did the American people. They still do. The problem is, since the emergence of neoliberalism, (1980s), the American people have been effectively removed from decision making processes on a national scale. [PDF]This creates ressentiment that is exploited by the people who own this country to obfuscate issues and the simplicity and efficiency of these well known and proven solutions.

      We suck because we’re manipulated into believing that sucking at something is a good thing. And if it’s not, it’s because it’s our fault, and if we just continue to suck we’ll eventually get it right.

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