FAST FIVE: Rural America Is On The Verge Of Collapse
The Economic Innovation Group's (EIG) Distressed Communities Index (DCI) shows a significant economic transformation (from two distinct periods: 2007-2011 and 2012-2016) that occurred since the financial crisis.
Meanwhile, the number of Americans living in distressed zip codes decreased to 3.4 million, to a total of 50 million, the smallest shift of any other social class.
This indicates that the geography of economic pain is in rural America.
“While the overall population in distressed zip codes declined, the number of rural Americans in that category increased by nearly 1 million between the two periods.
Meanwhile, suburban communities registered the greatest stability, with 61 percent remaining in the same quintile over both periods.