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Fri Mar 20, 2015, 02:35 AM

 

The Middle Class Is Struggling in All 50 States

If the first decade and a half is any guide, the 21st century will not be known as the era of the middle class in the U.S.

The middle class shrunk in all 50 states between 2000 and 2013, and median income, adjusted for inflation, was lower at the end of 2013 in the vast majority of states than it was in 2000, according to a new study by the Pew Charitable Trust’s Stateline. The analysis, conducted by Stateline’s Tim Henderson, defines “middle class” as individuals earning between 67 percent and 200 percent of the state’s median income.

The study analyzed self-reported data from the Census Bureau through the American Community Survey that samples a percentage of the population including illegal immigrants as well as other data.

“In most states, the growing percentage of households paying 30 percent (the federal standard for housing affordability) or more of their income on housing illustrates that it is increasingly difficult for many American families to make ends meet,” wrote Henderson.

The findings could have some interesting implications for the 2016 presidential race, since the plight of the middle class in states currently governed by some presidential hopefuls is particularly grim.

Wisconsin was the single worst performer, with the percentage of residents in the middle class falling 5.7 percentage points, from 54.6 percent to 48.9 percent over the period studied. Inflation-adjusted median income in the Badger State plunged from $60,344 in 2000 to $51,467 in 2013.


http://finance.yahoo.com/news/middle-class-struggling-50-states-162600272.html

http://l1.yimg.com/bt/api/res/1.2/B7ycAh5XNkh4jNChTwJlEQ--/YXBwaWQ9eW5ld3M7cT04NTt3PTU2OA--/

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Reply The Middle Class Is Struggling in All 50 States (Original post)
ND-Dem Mar 2015 OP
merrily Mar 2015 #1
Fred Sanders Mar 2015 #2
taught_me_patience Mar 2015 #3
FSogol Mar 2015 #4
ND-Dem Mar 2015 #8
FSogol Mar 2015 #12
ND-Dem Mar 2015 #5
steve2470 Mar 2015 #6
liberal_at_heart Mar 2015 #7
Omaha Steve Mar 2015 #9
Wella Mar 2015 #10
Township75 Mar 2015 #13
fizzgig Mar 2015 #11

Response to ND-Dem (Original post)

Fri Mar 20, 2015, 04:03 AM

1. Wall Street is doing well.

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 08:35 AM

2. Wonder how the same folks were doing in 2009?

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 09:22 AM

3. Completely useless.

 

When you start your study by comparing to an extraordinary outlier year, the results are not going to look good.

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Response to taught_me_patience (Reply #3)

Fri Mar 20, 2015, 09:24 AM

4. Unless that is the goal.

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Response to FSogol (Reply #4)

Fri Mar 20, 2015, 10:21 PM

8. ...

 

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Response to ND-Dem (Reply #8)

Sat Mar 21, 2015, 10:58 AM

12. Is that a "Bell" curve, Hannah?

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Response to taught_me_patience (Reply #3)

Fri Mar 20, 2015, 11:08 AM

5. ...

 



By Frichmon (Own work) [Public domain], via Wikimedia Commons

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 11:57 AM

6. k&r nt

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 04:25 PM

7. Both parties must be held accountable for their economic policies.

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 10:59 PM

9. Thanks for posting


K&R!

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 11:04 PM

10. They are systematically destroying the middle class

 

I don't know how we got so helpless in all this.

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Response to Wella (Reply #10)

Sat Mar 21, 2015, 11:00 AM

13. Who is they?

?

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Response to ND-Dem (Original post)

Fri Mar 20, 2015, 11:56 PM

11. we're at the very bottom end of middle class for colorado

we spend 30 percent of our income on rent and that's a steal in our city. we could move to a surrounding area, but we'd spend in gas what we save on rent.

we aren't poor, but we both work what are essentially seasonal jobs and are always flirting with broke this time of year. and, of course, there's always some damn thing - medical bills, vet bills, or something to do with the car. the heavy months are spent catching up bills from the lean months.

our wages have increased enough to keep pace with part of the cost of housing increase, but that's about it.

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