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States where the middle class is shrinking fastest
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[quote:Anonymous Coward 68172602:MV8yODAwNjM3XzQ5MDM2NjEzXzkxRjQ3RjhD] I've got retail stores throughout my community that are closing down. Empty, boarded up storefronts everywhere. The latest casualty was STAGE. Of course, they suck anyway [/quote]
Original Message
no shock, CA leads all states. LOL.
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%.......
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link to homes.yahoo.com (secure)
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