For those at the top, the economic recovery has been robust with appreciating portfolios and rising home values, but one UC Berkeley professor says it’s a different story for the working poor.
The Bay Area is grappling with an accelerating shift in its socioeconomic structure. The rich are getting richer, the poor are getting poorer and the middle-class is, simply, disappearing. In a five-part Cover Story series, KCBS’ Doug Sovern investigates just how hard it is for working-class people to make a living and how quickly American dream for advancement is slipping away.
The economic downturn has prompted a large number of families and the working poor to seek charity this Thanksgiving holiday.