Climbing out of poverty in the United States is getting harder and harder thanks to ever-rising economic inequality. Today, the Associated Press talked to Joseph Stiglitz about rising inequality and how it is weakening our economy.
And while the article doesn’t mention homelessness in particular, it’s easy to connect the dots between rising inequality and increasing homelessness. Economic gains over the past few decades went almost exclusively to those at the top of the income scale. And in New York City, as the housing market continues to cater to the wealthy, the gap between rents and incomes at the lower end of the scale continues to grow wider.blog comments powered by Disqus