From Investing in What Works for America's Communities
Berube summarizes the literature on: 1) the changing nature of poverty (e.g., spatial distribution), 2) changes in demographics (e.g., age of the population, immigration, family structure), and 3) the new realities in the economy (e.g., income inequality loss of low skilled jobs, increasing volatility in income and status, current and projected high level of unemployment, tighter underwriting standards/constriction of capital, and the enormous damage caused to families and communities by the foreclosure crisis).
Author: Alan Berube, Brookings Institution
Date of Publication: August, 2012
Last Updated: August, 2012