Pictured: Middle-class hating Globalist meatpuppets
Posted on 11/17/2011 8:54:15 AM PST by dragnet2
WASHINGTON — The portion of American families living in middle-income neighborhoods has declined significantly since 1970
The findings show a changed map of prosperity in the United States over the past four decades, with larger patches of affluence and poverty and a shrinking middle.
In 2007, the last year captured by the data, 44 percent of families lived in neighborhoods the study defined as middle-income, down from 65 percent of families in 1970. At the same time, a third of American families lived in areas of either affluence or poverty, up from just 15 percent of families in 1970.
The study comes at a time of growing concern about inequality and an ever-louder partisan debate over whether it matters.
Much of the shift is the result of changing income structure in the United States. Part of the country’s middle class has slipped to the lower rungs of the income ladder as manufacturing and other middle-class jobs have dwindled, while the wealthy receive a bigger portion of the income pie. Put simply, there are fewer people in the middle.
But the shift is more than just changes in income. The study also found that there is more residential sorting by income, with the rich flocking together in new exurbs and gentrifying pockets where lower- and middle-income families cannot afford to live.
Detroit; Oklahoma City; Toledo, Ohio; and Greensboro, N.C., experienced the biggest rises in income segregation in the decade, while 13 areas, including Atlanta, had declines. Philadelphia and its suburbs registered the sharpest rise since 1970.
“It was real nice,” he said, shuffling along Chelten Avenue on Monday. Theaters thrived on the avenue, he said, as did a fancy department store. Now a Walgreens stands in its place. “Everything started going down in the dumps,” he said.
(Excerpt) Read more at nytimes.com ...
Pictured: Middle-class hating Globalist meatpuppets
this is the 5th year of democrat control
that takes its toll
You don't seem to know what your denying.
Lets try this one more time. Direct question:
You deny tens of millions of the middle class lost their jobs, careers, investments, businesses etc., all while their homes were seized by the banks, while the insiders and wealthy supported bailing about big biz and Wall Street to the tune of multiple trillions?
You deny this?
What kind of cockeye'd response is this?
Skill set to what? There are millions of out of work engineers, computer programers, welders, construction workers etc.
Tens of millions are out of work. Should they all become cubical workers selling loans no one can afford?
You place blame directly on the tax paying working class, private sector America and not the corrupt insiders, banks, Wall Street and this bloated out of control government?
Tell me, do you deny tens of millions of the middle class lost their jobs, careers, investments, businesses etc., all while their homes were seized by the banks, while the insiders and wealthy supported bailing about big biz and Wall Street to the tune of multiple trillions?
If not, is this the kind of free market you support?
You bet.
Watch some of these responses...Some of which are in total, absolute denial.
No, I do not.... this is not what my main response was about, but it seems you are a hostile person, so let me answer your question....
Tens of millions have lost their jobs, this started in 2006, under the watchful eye of GW Bush....
Many millions have lost their investments.. was it due to the economy, or due to get rich quick, high risk investments that blew up on them... I know of people that lost everything because they choose the quick route instead of slow and steady... those I know that chose slow and steady took a short term hit, recovered, and are now ahead of the game once again...I have no sympathy for those who chose to gamble with their savings...
many millions lost their homes, but the vast majority overbought, took out second and third mortgages to pay for boats, cars, fancy vacations, big screen tv’s etc... Most, if not all the people i know that lost their homes fall into this category.. I hav no sympathy for them
For every person that lost their business, there is one that took the necessary steps to stay in business... and there are also those that started their own... business is a gamble, and most do not make it ( check the sba website for start up / failure rate info )i have some sympathy for those that tried
I even was unemployed for a year, but got called back to work and am back on track. We did not suffer, because while all our friends and aquaintences were off on elaborate vacations, buying big homes, fancy cars and the such, we were putting our money away, and not falling for the “get rich quick” schemes that have swallowed a large portion of the country’s savings.
In short, it is my belief that the old “ant and grasshopper” story came into play, and the VAST majority of people in trouble broght it on themselves. There are those that genuinely got caught, but for most it was preventible...personal responsibility, learn it, live it...
Tell me, do you deny tens of millions of the middle class lost their jobs, careers, investments, businesses etc., all while their homes were seized by the banks, while the insiders and wealthy supported bailing about big biz and Wall Street to the tune of multiple trillions?
Is this the kind of free market you support?
no reasoning with you.....you are a jackass....get bent
Liberal politicians wanted votes and control of private business. Do-nothings wanted what they couldn’t afford. Put both of these groups together and it equals financial disaster.
*******************************
Imho, it was this group and government interference in private businesses that caused the bulk of the problem.
The people that I have observed and known that lost everything fall into 3 categories:
They suffered a divorce or other major occurance that drove them into bankrupcy (33% fall into this category)
They spent most of their money on frivilous luxuries, buying large homes, etc. and failed to put money away, and then lost their jobs, resulting in losing everything, a personal ponzi scheme that finally caught up with them (33% fall into this category)
those that are genuine victims of the economy (33% fall into this category)
So, based upon my observations, 33% deserve my sympathy. And those 33% have my sympathy. The other 66% brought it on themselves. They get no sympathy from me.
This new report and it’s findings, comes from The Russell Sage Foundation. Foundation worked with the Ford Foundation to conduct a Multi-City Study of Urban Inequality. http://en.wikipedia.org/wiki/Russell_Sage_Foundation#cite_note-A_Brief_History-4
The fact that “poor” people are now living in neighborhoods that 40 years ago were “middle class” is a sign of rising living standards, not necessarily rising inequality.
“The fact that “poor” people are now living in neighborhoods that 40 years ago were “middle class” is a sign of rising living standards, not necessarily rising inequality.”
I disagree. There have been numerous posts regarding this very issue. Its because property values have fallen so low and so many have walked away from their mortgages that banks are renting them out at low prices. Enter the section 8 / subsidized housing hordes who in turn sully the neighborhoods and lower housing prices that much more.
Is this the kind of free market you support?
no reasoning with you.....you are a jackass....get bent
I suspected you'd respond in this type of manner.
Cheers!
America's standard of living is really improving!
You betcha!
((wow))
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