Poverty Summit

Last week, the Brookings Institution released a study showing that middle-income neighborhoods in American cities shrank between 1970 and 2000. In metropolitan areas, a polarization took place in which poor people were more likely to live in poor neighborhoods and rich people were more likely to live in rich neighborhoods. Coincidentally, the same day that report was released, the Cleveland Federal Reserve Bank was hosting a conference on the concentration of poverty. ideastream's Mark Urycki reports.