Final answer:
Some shortcomings of measuring neighborhood SES include failing to capture individual disparities, neglecting non-economic aspects of wellbeing, using outdated data, disregarding the informal economy, and overlooking geographic variability within neighborhoods.
Step-by-step explanation:
Measuring neighborhood socioeconomic status (SES) can have several shortcomings. One issue is that it may not capture individual disparities within a neighborhood, as averages can conceal extremes of wealth and poverty. Additionally, the indicators used to measure neighborhood SES often overlook non-economic aspects of wellbeing like social cohesion and environmental quality, which can significantly affect residents' quality of life. A further shortcoming is that the data may not be updated frequently, leading to outdated and inaccurate reflections of the current situation. Moreover, neighborhood SES measurements tend to ignore the informal economy, which can be substantial in some communities. Lastly, these measures do not account for geographic variability within larger neighborhoods, which might have areas of differing SES levels.