Americans are richer than they might think, though it may not seem like it. The Census Bureau recently released data that indicated a drop of more than 35 percent in median household wealth between 2005 and 2010, while the Federal Reserve released a survey weeks ago that found that median net worth plummeted by 39 percent... Continue Reading »
Jun 29th 2012 11:04AM
By Hope Yen and Kristen Wyatt WASHINGTON -- For the first time in a century, most of America's largest cities are growing at a faster rate than their surrounding suburbs as young adults seeking a foothold in the weak job market shun homebuying and stay put in bustling urban centers. New 2011 census estimates released... Continue Reading »
Apr 19th 2012 12:30PM
By Kerri Panchuk The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, a Brookings Institution report says. A study by Brookings scholar Julia Isaacs said 2.3 million children lost homes during the first wave of... Continue Reading »
Jan 27th 2010 12:05PM
Part of the promise of suburbia was its economic homogeneity. Move to Levittown in the 1950s, say, and you would be surrounded by people just like you: middle class, gainfully employed, and generally on the way up. In fact, suburbs have often been criticized for separating people by social class, with isolated wealthy... Continue Reading »
Dec 16th 2009 3:30PM
All cities are not created equal - some are healing from the recession much faster than others, according to the third quarter MetroMonitor report from the Brookings Institution. For example, if you lived in Omaha, Neb. or Council Bluffs, Iowa, you'd be enjoying an unemployment rate of less than 5 percent. But for... Continue Reading »
