This Dec. 1, 2014 photo shows the Aspen Mountain ski area by Aspen, Colo. Resort towns like Aspen dramatically demonstrate an unnerving trend: Across the country, the rich are getting richer while the rest of the country is essentially treading water. (AP Photo/John Locher)
[From article]
The divide between the haves and have-nots in Aspen reflects a division that cuts across the country: The richest are getting richer while the rest of the population is essentially treading water. From 2009 to 2012, inflation-adjusted income for the wealthiest 1 percent of U.S. households surged 31 percent, according to economist Emmanuel Saez of the University of California, Berkeley. For everyone else, income inched up just 0.4 percent.
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Aspen's dilemma is similar to that of other resort towns, from Nantucket, Massachusetts, to Park City, Utah, especially those nestled in the jagged terrain of the western United States. [. . .] The jobs in these communities are largely in the lower-paying service industry, yet the resort towns are a destination for the global upper class, said Bill Hettinger, author of "Living and Working in Paradise," a book on resort towns.
http://finance.yahoo.com/news/resort-towns-working-class-squeezed-142809570.html
In resort towns, working class squeezed out as rich move in
In resort towns, working class gets squeezed out while the wealthy buy vacation homes
By Nicholas Riccardi, Associated Press
January 12, 2015
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