Summary of From Great Recession to Great Reshuffling

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From Great Recession to Great Reshuffling summary
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Since the Great Recession, much attention has focused on the widening financial disparities evident across the United States. Indeed, many geographic areas have experienced roaring comebacks, while others have suffered greater economic pain. The Economic Innovation Group pinpoints the nature and extent of those gaps in this robust and accessible analysis of American communities by postal code. Though much of what the study finds may not be new, it bolsters the idea that the diverging fortunes of US neighborhoods threaten the future of the overall economy.

About the Author

The Economic Innovation Group is a think tank and advocate for entrepreneurialism.

 

Summary

The 2008 financial crisis brought seismic upheavals to US politics and society, and the Great Recession that followed upended the economy. The subsequent recovery reshaped the composition and prosperity of American communities, according to the Distressed Communities Index (DCI). Based on US Census Bureau household surveys, the DCI measures “the vitality and well-being” of localities across the country during the recovery. It gives equal weight to seven indicators: educational attainment, housing vacancies, unemployment rates, poverty rates, the ratio of an area’s local median income...


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