Today's Coming Crisis Movie

Thursday, November 17, 2011

Middle-class areas shrinking in US: study

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.

For the study, researchers used data from 117 metropolitan areas, each with more than 500,000 residents. In 2007, those areas were home to 197 million people -- or two-thirds of the US population.

The findings come amid the ongoing protests of the Occupy Wall Street movement, which is in part aimed at highlighting economic inequality in the United States, and as the US struggles to rein in 9.0 percent unemployment. more