Tag Archives: economic conditions

(15) Tipping point: 2008 [The Atlantic Monthly]

It looks like 2008 was the tipping point for suburban poverty.  In that year of crashing global trade and high financial disaster awareness of suburban poverty started going mainstream.  It had always been there of course but joblessness, the mortgage bomb and the high cost of energy mean more people are sharing in it.  Media coverage of reports from the Brookings Institution and ongoing coverage of unemployment and foreclosures made for some grim reading for Americans.  The socio-economic and structural arrangements of suburban living appear to be contracting all over the United States and in other communities around the world.  One of the most substantial pieces representing this awareness of great change ran in The Atlantic Monthly in March of 2008.  This feature article shows just how timely and powerful good magazine journalism can be.  Required reading if you want to know where it’s all going.
The Next Slum? The subprime crisis is just the tip of the iceberg.
Fundamental changes in American life may turn today’s McMansions into tomorrow’s tenements.