RECORD INCOME GAP BLUNTS HOUSING RECOVERY FT
Post# of 5789
Posted On: 08/13/2014 9:23:51 AM
RECORD INCOME GAP BLUNTS HOUSING RECOVERY
FT’s Anjli Raval: “The income gap between America’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that threatens to hold back the broader revival of the world’s largest economy. The gap has narrowed and widened in past cycles, but the rebound from the most recent financial crisis has seen the ratio hit its most unequal since data collection began 45 years ago, fuelling policy makers’ concerns ... A patchy labour market recovery has meant significant variations in job and income growth between regions across the US, which in turn has intensified the divergences across the country’s housing markets.”
http://on.ft.com/1osA3Y9
FT’s Anjli Raval: “The income gap between America’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that threatens to hold back the broader revival of the world’s largest economy. The gap has narrowed and widened in past cycles, but the rebound from the most recent financial crisis has seen the ratio hit its most unequal since data collection began 45 years ago, fuelling policy makers’ concerns ... A patchy labour market recovery has meant significant variations in job and income growth between regions across the US, which in turn has intensified the divergences across the country’s housing markets.”
http://on.ft.com/1osA3Y9
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