Death Of The Middle Class: The Suburbs Have Absorbed Half Of America’s Poverty Growth – 07.11.17

 

  • For decades suburbia was home to the highest concentration of wealth in America, and perhaps even the entire world. It was the seat of our nation’s thriving middle class and a beacon of economic mobility. The streets were clean and safe, the schools were highly regarded, and there were plenty of middle class jobs to be had.
  • But something has changed in suburbia. While offshoring and automation have destroyed millions of jobs across the country, the decimation of brick and mortar stores by online retailers has pounded the wealth base of suburbia. So much so, that there are more people living in poverty in suburbia than any other place in America.

Read more at:Death Of The Middle Class: The Suburbs Have Absorbed Half Of America’s Poverty Growth

Source: shtfplan.com

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