Sponsored message
Logged in as
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
 — 
See All Episodes
Subscribe

Hey, LA listener!

Download our app for the optimal streaming experience

Apple Store logo Google play logo
  • Listen Now Playing Listen
  • Listen Now Playing Listen
Take Two

Where has LA's middle-class gone?

By Take Two Staff
Published Dec 11, 2015
A suburban tract home for sale in the predominantly Latino middle class enclave of north Downey, Calif., September 2010. The National Association of Realtors Monday says its seasonally adjusted index for pending home sales dropped 4.3 percent to 101.7 in December. That's still 6.9 percent higher than it was a year ago. The decline signals that sales of previously occupied homes may drop in the coming months. There's generally a one- to two-month lag between a signed contract and a completed sale.
A suburban tract home for sale in the predominantly Latino middle class enclave of north Downey, Calif., September 2010.
(
Leslie Berestein Rojas/KPCC
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

Get LA News Updates Daily

We brief you on what you need to know about L.A. today.
Listen 8:01
Where has LA's middle-class gone?

The middle class is falling behind, ​according to a new survey from the Pew Research Center, 

For more than four decades, this income bracket held a comfortable majority. But now, they're outnumbered by those who earn more and those who earn less.

Researchers say this could signal a tipping point.

To help us understand what that tipping point might be and what these findings mean for those of us living in Southern California, Take Two talks with Chris Thornberg of Beacon Economics.