Philadelphians feel squeezed as U.S. economy seems to hum. That’s a poverty problem
“First of all, economists say it’s true that the U.S. economy is strengthening.They point to an annual growth rate of more than 2 percent, unemployment at 4 percent, and the Dow Jones Industrial Average passing 24,000. It’s also true that, compared with the country as a whole, Philadelphia is not measuring up, although income levels have been rising lately and we’ve seen job growth.”