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Middle-class areas shrinking in US
America’s middle class is disappearing as growing income inequality creates more families in areas either mostly rich or poor, a report says.
Around 44 per cent of families live in middle-income neighbourhoods – down from 65 per cent in 1970, the Stanford University study shows.
Meanwhile a third of families in the U.S. now live in either rich or poor areas, which has more than doubled on...