Shrinking middle-class

Income distribution continues to stretch on the high end and squish on the low end. For The New York Times, Sophie Kasakove and Robert Gebeloff look closer at what’s happening in the middle:

Nationally, only half of American families living in metropolitan areas can say that their neighborhood income level is within 25 percent of the regional median. A generation ago, 62 percent of families lived in these middle-income neighborhoods.

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