The number of middle-income neighborhoods in the United States has dwindled significantly over the past 40 years, as the rich-poor divide deepens across the country, a study released Wednesday showed.
In 2007, nearly a third of American families — 31 percent — lived in either an affluent neighborhood or a mainly low-income one, up from just 15 percent in 1970, according to the study conducted by Stanford University, and released in partnership with the Russell Sage Foundation and Brown University.
Meanwhile, 44 percent of American families lived in middle-class neighborhoods in 2007, down from 65 percent in 1970.
“Mixed income neighborhoods have grown rarer, while affluent and poor neighborhoods have grown much more common,” the study said....Read the rest at Raw Story
Middle-class areas shrinking in U.S.: study
by Agence France-Presse
3 comments:
gobama go!!!
If the Euro would just pop instead of the Eurozone going pop !
Has anyone noticed that the European situation should have been reflected more sharply in the valuation of the Euro dollar instead of all the hoopla in the bonds markets ?
The Euro is rigged and is designed for rich Europeans to vacation and gallivant around the globe.
Elastic Currency Theory - If the Euro was able to slide months if not years ago ( Remember their $600 billion QE that bolstered Germany in early 2009 ? ) then it would have taken up a lot of the slack.
They should allow their euro to slide for the sake of jobs, but they are holding fast to a rich euro dollar which is overvalued.
Isn't that the easiest solution ? Why have they not let the Euro slide ? Are other forces keeping it up given all the "rot" inside the Eurozone ?
The Euro is inelastic, rigid, and overvalued.
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