The Chicago area’s middle class is disappearing.This group shrank by 14% between 1970 and 2005, according to a report released Thursday by Brookings Institution research group. The decline was above the average slide of 10.7% for the 100 metropolitan areas included in the study, giving Chicago the eighth-largest drop in the group.
The report defines middle class as workers who earn between 80% and 150% of their metro area’s median income.
The examination of the middle class was just one of the research areas that Brookings Institute included in its “MetroPolicy: Shaping a New Federal Partnership for a Metropolitan Nation” report. Other research categories include the gross domestic product per job in 2005, the number of people who have attained a bachelor’s degree in 2006 and the per capita carbon emissions in 2005.
Dispatches from Chicago's south side.
Friday, June 13, 2008
Chicago is losing its middle class: report
I post this Crain's article with a question. Do you think that eventually Chicago will be a place where only people with adequate means (or to clarify, I could say wealthy people) can afford the high price of living in order to live in the city?
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