Wednesday, February 20, 2019

WBEZ: The city’s middle class, once the backbone of Chicago, is declining so swiftly that it’s almost gone

Back to one of the subjects this blog had hoped to cover, the middle class. Chicago's middle class is shrinking according to this article from WBEZ. Increasingly Chicago is becoming home to not only higher income people, also lower income people as well.
Chicago has long been defined by its stubborn racial segregation, but income segregation is “more extreme now” than in the past, Smith said.

Many of the neighborhoods that were middle income in 1970 are now lower income.

“But what's been more striking is a significant increase in high-income people moving into the city,” Smith said.

Just 8 percent of Chicago's census tracts were considered high or very high income in 1970. Today, more than one-fifth of the city’s census tracts are higher income.

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