Visualizing The Collapse Of The Middle Class In 20 Major U.S. Cities
by Tyler Durden
ZeroHedge.com
Apr 22, 2017
When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of populist leaders in Western democracies, ranging from Marine Le Pen to Donald Trump.
However, as Visual Cpitalist’s Jeff Desjardins notes, these historians will not view these ideas and events in isolation. Instead, they will link them all, at least partially, to an overarching trend that is intimately connected to today’s biggest problems: the “hollowing out” of the middle class.\
VISUALIZING THE COLLAPSE OF THE MIDDLE CLASS
The fact is many people have less money in their pockets – and understandably, this has motivated people to take action against the status quo.
And while the collapse of the middle class and income inequality are issues that receive a fair share of discussion, we thought that this particular animation from Metrocosm helped to put things in perspective.
The following animation shows the change in income distribution in 20 major U.S. cities between 1970 and 2015:
The Rest…HERE
