Downturn that started under Bush hits suburbs hard

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Guess where most people in poverty live? Hint: It's not in the inner cities ...


A record 15.4 million suburban residents lived below the poverty line last year, up 11.5% from the year before, according to a Brookings Institution analysis of Census data released Thursday. That's one-third of the nation's poor.


And their ranks are swelling fast, as jobs disappear and incomes decline amid the continued weak economy.
Since 2000, the number of suburban poor has skyrocketed by 53%, battered by the two recessions that wiped out many manufacturing jobs early on, and low-wage construction and retail positions more recently.


America's cities, meanwhile, had 12.7 million people in poverty last year, up about 5% from the year before and 23% since 2000.


The remaining 18 millionpoor folks in the U.S. are roughly split between smaller metro areas and rural communities.


"We think of poverty as a really urban or ultra-rural phenomenon, but it's not," said Elizabeth Kneebone, senior research associate at Brookings. "It's increasingly a suburban issue."


Suburbia became home to the greatest concentration of impoverished residents by 2005, Kneebone said.


That stemmed in part from the collapse of the manufacturing industry based outside Midwestern cities.


The loss of those jobs contributed to pushing many into poverty.


The Great Recession, however, accelerated the rise of the suburban poor...







http://money.cnn.com/2011/09/23/news/economy/poverty_suburbs/
 
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