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America’s wealthiest black county is in trouble.
Prince George’s County, Md., has gained prominence in recent years as the most affluent county in America with a majority African-American population. Average income in the county is almost double the national average for black families, according to the Census Bureau’s 2009 American Community Survey.
But the county, adjacent to the District of Columbia, has been laid low by the recession and the mortgage meltdown and now holds a more dubious distinction: a rising foreclosure rate that ranks as the worst in Maryland.
Affluent black county mired in mortgage mess - Today Money - TODAY.com
Seeded on Tue Jun 14, 2011 12:40 PM EDT
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