Power Breakfast: Poverty up, expensive condos down, FEMA, Grady, Delta, Hartsfield

Two stories today show how the Great Recession has affected both sides of the income scale.

Nearly 26,000 metro Atlanta families — with two parents and at least one kid — dropped below the poverty line in 2008, up a chilling 19 percent from the year before, AJC reporter Dan Chapman writes.

And the number of families receiving food stamps and other bare-bones public assistance rose 21 percent in the 20-county metro area, according to U.S. Census Bureau data released today.

Meanwhile, developers are cutting condo prices at the high end of the market — those going for $1 million or more, ACJ reporter Michelle Shaw writes.

They are for sale at a time when the economy and battered local housing market have forced potential buyers to pull back from such high-end move-ups, leaving many units empty.

Also in the AJC:

In other media:

One comment Add your comment


September 29th, 2009
10:40 am

Enter your comments here Atlanta, the next great city of the US, following in the foot steps of Detroit, Philly and Newark. How could this happen with all the great leaders the city has had for the last 30 years?