Gentrified Urban America Will Be Hit Hardest By The Recession

Authored by Charles Hugh Smith via OfTwoMinds blog, The forced flight from unaffordable and dysfunctional urban regions is as yet a trickle, but watch what happens when a recession causes widespread layoffs in high-wage sectors. For hundreds of years.....»»

City dwellers really do have it much better than rural inhabitants, at least when it comes to job opportunities in the 21st century......»»

Over 653,000 people nationwide were unhoused in 2023, according to point-in-time estimates from the Department of Housing and Urban Development. And more than half of them, or over 57%, experienced homelessness in just 50 cities nationwide. To find the 50.....»»

Homes sitting vacant, not being taken care, are often unsightly and can add to urban blight. There are different reasons why homes are unoccupied, including rental units that landlords are struggling to fill .....»»

Research from Ezra, the leading provider of digital coaching has found that Alaska is the hardest working state in America, with Alaskans working nearly six days more a year than the average American. Q1 2021 hedge fund le.....»»

The rate of the spread of COVID-19 had slowed across America. Increases in daily fatal and confirmed cases are still about half what they were seven weeks ago. Nevertheless, 567,142 Americans have........»»

September 20, 1990 was a day which changed the trajectory of my life. I was 8 years old, huddled on the floor with my parents and five siblings in a bomb shelter in Kuwait. The ground was shaking from the nearby explosions. People around me were crying or.....»»

During the Great Recession, long-term joblessness took almost two years to climb to this level......»»

Richard Florida has studied cities and urban economies for 40 years, and not once had he come across any mention of the effects from a pandemic......»»

The new president can help isolated areas of the US by im.....»»

An estimated 110,000 restaurants having closed permanently or long-term since the coronavirus pandemic began, and urban restaurants — hamstrung by lagging foot traffic — are among the hardest hit......»»

Tuesday’s top personal finance stories.....»»

Caterpillar Inc. (NYSE: CAT) is caught between a rock and a hard place in the COVID-19 recession. The bad news is that even its domestic operations are suffering. The good news is that the declines........»»

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The coronavirus pandemic is a public crisis of historic proportions, threatening the health and economic stability of millions of Americans. With the April jobs report looming, economists are........»»

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We .....»»

In the strongest months as the economy recovered from the Great Recession, America added between 150,00 and 350,000 jobs a month, according to the BLS. In an average month, that number was closer to........»»

In the strongest months as the economy recovered from the Great Recession, America added between 150,00 and 350,000 jobs a month, according to the BLS. In an average month, that number was closer to........»»

Spencer Platt/Getty Images This week, many economic indicators released showed just how severe the damage of the coronavirus pandemic is on the US economy.  A US recession is.....»»

As the coronavi…; tips the U.S. into what may be the worst recession in decades, a troubling reality has emerged: Some of the hardest hit states were the least prepared for the economic fallout. New... To view the full story, click the title link......»»