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Montana Leads the Nation in States Where the Middle Class Is Being Left Behind

March 5, 2018View for printing

#1. Montana

The income generated by the middle fifth of households in Montana fell from 15.5% of all income in 2007 -- one of the larger shares in the country -- to just 14.5% in 2016, now one of the smaller shares and the largest decline of any state. Like the nation as a whole, the shrinking of the middle class is likely due to the rapid income growth among the upper class. The median income of the top fifth of households rose by 29.6% from 2007 to 2016, nearly twice the 15.2% income growth experienced by the middle class -- nearly the largest differential of any state.

To determine the states where the middle class is disappearing, 24/7 Wall St. reviewed the decline in the share of aggregate household income earned by the middle quintile of households in all 50 states from 2007 to 2016 with data from the U.S. Census Bureau’s American Community Survey. There are 10 states with a decline of 0.54 percentage points or greater.

Evan Comen, 24/7 Wall Street ... /378376002/
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