Your Wallet: Gentrification and your finances
We asked, you answered: what does gentrification mean for your personal finances? It could be higher rent, or higher property values. A larger variety of stores, meaning sometimes, residents spend more when they shop in their neighborhood. Pricier coffee, less parking, a wide variety of economic changes.
Marketplace took a special look at gentrification and neighborhood transformation through the eyes of a pop-up bureau established by the Wealth and Poverty desk in Los Angeles’ Highland Park neighborhood. Krissy Clark and Linsday Foster Thomas joined Marketplace Weekend to talk about how changing neighborhoods impact personal finances.
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