Demographic and Economic Changes in the United States Affect Nearly Everyone
June 26, 2009
…from ArcWatch…
“Trends in ESRI’s newly released 2009/2014 demographic data updates confirm the recession’s impact on housing, income, and employment that we’ve been hearing and reading about for months. Who is being affected by this serious recession? Nearly everyone. Changes in the nation’s economy have become extremely personal. In the past year, 1 in 25 jobs was lost to the economic crisis and 1 in 42 homes was threatened by foreclosure. Households not touched directly by the loss of home or employment are experiencing low or no income growth, lower home values, loss in their savings or retirement funds, higher credit costs, cutbacks in services from struggling state and local governments, or the closing of a favorite local business.”
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