In Rural Mississippi, Still Waiting on Recovery
“But his presence is part of a growing focus at the Fed around community development and related research indicating that widening economic gaps between successful and less-successful communities could impair the country’s overall performance. Researchers have connected a drop in economic mobility in the United States to factors related to ‘place’ – the notion that where individuals are born, by shaping school, early work opportunities, and health, for example, is coming to have a disproportionate influence on their economic success.”