Middle-class neighborhoods, long regarded as incubators for the American dream, are losing ground in cities across the country, shrinking at more than twice the rate of the middle class itself. In their place, poor and rich neighborhoods are both on the rise, as cities and suburbs have become increasingly segregated by income, according to a Brookings Institution study released Thursday. It found that as a share of all urban and suburban neighborhoods, middle-income neighborhoods in the nation's 100 largest metro areas have declined from 58 percent in 1970 to 41 percent in 2000.The article is even more depressing than this excerpt, citing numerous other bits of evidence supporting this trend. Boo.
Thursday, June 22, 2006
Stupid Real Estate
For those of us who were actually looking forward to a life entrenched in the middle class, this kind of thing is really really really depressing.