Each year, The Pew Charitable Trusts releases the “State of the City” report, which offers a data-rich snapshot of Pew’s hometown, Philadelphia. In this episode, Katie Martin, who leads Pew’s Philadelphia research and policy initiative, breaks down the highlights from the 2025 edition. She discusses the city’s successes, such as the decrease in poverty—at 20.3%, it’s the lowest it’s been in more than two decades—and its ongoing challenges, including the decline in homeownership, and how this troubling trend impacts Philadelphia’s ranking as a city of homeowners.