It might be America’s poorest rich city or richest poor city

The Guardian examines the deep economic divide in one U.S. city that used to drive America’s economy.

Gilbert is also founder of Rock Ventures, the umbrella entity for his real estate investments. The company is responsible for the purchase of over 90 buildings in the business district. …

The grand irony, however, is that such economic buoyancy is taking place in a city where 60% of children continue to live in abject poverty, and where, according to the 2014 Census, 39.3% of residents live below the poverty line.

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This entry was posted in America, Detroit, economics, poverty, United States. Bookmark the permalink.

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