What does it mean to be rich in Los Angeles? Public Policy Professor Michael Stoll  spoke with American Public Media's Marketplace on the issue of what $250,000 buys an individual in two distinct LA neighborhoods. Separated by six miles, Stoll describes Rodeo Road and Rodeo Drive to have substantially different standards of living, household incomes, and crime rates. The story explores varying perspectives and lifestyles within Los Angeles, and what an average American lifestyle really resembles.
You have to ask the question again, what is it that is required to have a decent standard of living in the United States"
Listen to the story below or read the transcript .