5:46 am September 29, 2009, by Henry Unger
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.
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