Born into economically distressed US zip codes
It was a damning report that put a damper on all the positive economic news coming out of the US.
The study from the Economic Innovation Group profiled how more than 25,000 ZIP codes accounting for 99 percent of the United States' population have recovered in the aftermath of the recession. Over 50 million people in the US live in economically distressed areas plagued by high unemployment, poverty and financial anxiety despite the economic recovery since the Great Recession.
What is significant is that this is in addition to the almost 50 million Americans who are living on government assisted food stamp program or SNAP. The report also showed that economic conditions may have actually worsened.
According to the report, Camden, New Jersey, a city widely considered to be one of America's poorest and most dangerous towns, is also the country’s most economically distressed.
The report noted however it was the southern US that was suffering the most from economic conditions.
According to the report, in the poorest 10 percent of the country, job opportunities were down 13 percent while 11 percent of businesses actually closed up.
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