Tuesday, April 03, 2007

Duh!

VANISHING CITY MIDDLE CLASSBy TOM TOPOUSISPrintEmailDigg ItStory BottomApril 3, 2007 -- The middle class is fast becoming an endangered species in New York City, where the costs of housing and health care have soared faster than salaries over the last decade, according to a survey of city leaders that was released yesterday.Almost all those polled - 92 percent - said it's harder for families today to work their way into the middle class, which the survey found requires an income between $75,000 and $135,000, a far cry from the city's median family income of $49,374.The squeeze on the middle class has left the city with a widening divide between rich and poor, with fewer families in the middle, said John Mollenkopf, director of the Center for Urban Research at CUNY.

VANISHING CITY MIDDLE CLASS By TOM TOPOUSIS - Regionalnews - New York Post Online Edition

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