Stanford study says numbers have dropped sharply since 1970
(NEWSER) - A major new study from Stanford finds that America's middle class is shrinking in a big way, reports the New York Times . The researchers looked at 117 of the nation's biggest metropolitan areas and discovered that 44% of families live in areas defined as middle class, down from 65% in 1970. Meanwhile, the number of families living in affluent neighborhoods doubled to 14%, while those in poor neighborhoods rose from 8% to 17%, notes Reuters . In short, the income gap appears to be widening. More»
