Saturday, April 01, 2006

Economic Doldrums Hurt Affluent Suburbs

The Wall Street Journal has a good article today discussing the travails of the wealthy Detroit suburb of Bloomfield Hills.

It seems the recent economic woes hurting the major automakers are "trickling down" to affect not only the normal class of victims--unionized workers--but are also causing the upper classes to feel the pinch.

Of course residents of Bloomfield Hills--a community whose annual household income is in excess of $150,000--probably have more resources to deal with economic uncertgainty than the average auto worker.

What is interesting from the standpoint of metropolitan development, however, is the regional impact of economic monocultures and to demonstrate the fact that the persistent economic anemia that has affected the US economy since 2001 is causing changes in behavior among the upper-middle classes.

I would expect that this will undoubtedly be an issue in many of the competitive suburban Congressional seats during next November's election.