States where the middle class is shrinking fastest
https://homes.yahoo.com/news/states-where-the-middle-class-is-shrinking-fastest-194711986.html
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And yet the middle class, which historically was the driver of economic growth, is falling behind. The average income among middle-class families shrank by 4.3% between 2009 and 2013, while incomes among the wealthiest 20% of American households grew by 0.4%.
Based on average pre-tax income earned by the third quintile, or the middle 20% of earners in each state, middle-class incomes in California declined the most in the country. Incomes among middle-class Californian households fell by nearly 7% between 2009 and 2013, while income among the state’s fifth quintile, or the top 20% of state earners, grew by 1.3%.
Below, Yahoo Homes is publishing the five states where the middle class is shrinking fastest.
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Mad Poet Strikes Again.
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