The great economy - States where the middle class is shrinking fastest

[NeverEndingMe]

bummer ... where is the hope and winds of change? oh wait, that was just a bad fart ...

The American economy is by many measures well on the road to full recovery. The national unemployment rate was 6.2% in 2013, down from 9.3% in 2009; U.S. gross domestic product grew 5% in the third quarter of 2014; and the S&P 500 recently reached its all time high.
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%.

https://homes.yahoo.com/news/states-where-the-middle-class-is-shrinking-fastest-194711986.html

I'm sure that SeanH is drunk while SeanR will bitch that the man is holding him down

 

[SolarHomo]

It stands to reason. Everything in California is artificially inflated.

 

[JAMESBJOHNSON]

I wish you assholes would use MIDDLE CLASS correctly. The middle class are the self employed. If a homeless drunk wins the lottery he isn't middle class or elite or even proletariat.