San Diego Still Suffering the Effects of the 2008 Financial Crisis

Posted By San Diego Bankruptcy Pros || 23-Jan-2013

With homelessness and hunger on the rise in neighborhoods like City Heights, San Diego is still struggling with the unemployment and low housing values that were brought about during our nation's 2008 financial crisis. A reporting team from World Socialist Web Site recently spoke to families and individuals in City Heights, a neighborhood populated with a large number of the working class.

City Heights was hit particularly hard by the 2008 financial crisis in our nation, and the median household income is well below the citywide average. Home to many Hispanic, North African, Middle Eastern and Asian immigrant families, City Heights has also suffered from an unemployment rate close to 20 percent. This is well above the national average and many working class families and individuals have been forced to seek help from services like food distribution centers.

Another main factor that is contributing to homelessness and hunger in City Heights and throughout San Diego is the plummeting housing values. Since 2007, these values have plummeted in the community of City Heights and are now well below the San Diego average. It is an unfortunate fact that many people who have full-time employment still fall below the poverty line and are without health insurance. There are numerous people who are forced to file for bankruptcy every year even though they work hard and have a full-time job.

When you find yourself in a tough financial situation or struggling with debt, it is wise to seek counsel from a legal professional who understands your situation and knows how to help. Financial problems can be overwhelming and seemingly hopeless, but a San Diego bankruptcy attorney can help you find the best debt relief method for you. Take the time to call San Diego Legal Pros today to schedule a consultation where you can discuss your situation and learn about your legal rights with a San Diego bankruptcy lawyer who is experienced and capable of helping you.

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