The day after Black Friday when we were all supposed to be crowding Target, Best Buy, Macys, and the malls, spending money we might not have on things we think we need but probably don't comes a study showing that "poverty is spreading and may be re-clustering in the suburbs."
The study comes from the Federal Reserve's Community Affairs department and the Brookings Institution Metropolitan Policy Program. The summary of this study comes from this Reuters report:
Poverty in the United States is spreading from rural and inner-city areas to the suburbs, a situation that can worsen as the economy confronts what may be a protracted recession.
With the U.S. economic outlook rapidly deteriorating, poverty could get worse. ... The U.S. housing market collapse has unleashed the worst financial crisis since the Great Depression, forcing business to scale back on investments and driving the unemployment rate to a 14-year high.