Quote:
Originally Posted by CentralGrad258
If you compare 2010 to 1970, then it looks pretty bleak. But if you look at the internal data and compare 2010 to 2000, you'll see a city that has bottomed out demographically and is starting to rebound. To gain residents, stabilize the middle class, reduce the lower class population and add some rich people at the end of the worst recession in 60 years is actually a pretty good sign. And I think those trends have only accelerated in the last 3+ years.
Also, let's not forget that the middle class is basically smaller everywhere, it's just the way things are now.
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Yes the doom and gloom just doesn't make any sense. The story is on the front page of Philly.com with the title "Alarming Decline in Philly's Middle Class." Which really is just absurd because it makes it seem as though there is some shocking ongoing decline but the stats simply do not back this up.
The stats show that this decline occurred between 1970 and 2000. Which is not recent... nor is really news. I mean who here in the Philadelphia area does not know that Philly endured some really tough decades in the later portion of the 20th century?
From 1970 to 2000, the middle class in Philly went from 59% to only 43% and lower class households increased from 30% to 49%. Since then however? The middle class did continue to decline 1%, but in contrast lower class decreased for the first time in decades and fell 2% while Upper class rose 2%. So really the most recent news tells us that Middle and Upper Class households are actually on the rise in recent Philadelphia's history.
Philly.com is terrible, such a sensationalist site with awful journalistic standards.