We've all heard the stories about how the stock market is at an all-time high, but if I've said it once, I've said it a thousand times: The economy isn't the stock market, and the stock market isn't the economy. Some parts of the country are doing well, and while we're trying everything we can to grow the national economy faster than 2% a year, that's a tall order for a country as big as ours with an aging population and a huge debt burden.
From time to time, we've noted that different regions of the country have different economies that don't always move in tandem. Right now, we in Iowa (and most of our neighboring states) are experiencing the nation's slowest growth in personal incomes. But other places have their own bright spots and dark times.
The Economic Innovation Group has produced a report on economically distressed communities across the country. How bad is it, and what can be done? Listen below to our extended conversation with Steve Glickman: