U.S. Economic Mobility Hampered By Growing Wealth Gap: Study

By Susan Heavey

WASHINGTON, Dec 3 (Reuters) – U.S. cities are increasingly divided between the rich and the poor, hampering residents’ ability to move up the economic ladder, according to a study released on Wednesday.

Not only is a widening geographic gulf between the haves and have-nots hurting economic mobility, it signals potentially dimmer prospects for some urban areas in a nation where cities have long been seen as beacons for jobs and opportunity, the study said.Researchers at New York University and University of California, Berkeley analyzed 96 metropolitan areas across the United States to see how a lack of economic […]