Slumburbs
Definition of 'Slumburbs'A slang term for the suburbs of once large and prosperous cities that have become less desirable due to an economic downturn. Slumburbs refer to the neighborhoods and small towns that cannot consistently attract highly educated and entrepreneurial people. As a result, business in these previously hopeful communities diminishes leading to such negative outcomes as unemployment and crime. Slumburbs can also refer to areas in otherwise wealthy cities that experience similar problems. |
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Investopedia explains 'Slumburbs'In contrast to the poor neighborhoods found in |
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