Middle-income families shrink most in RI, Maine, studies say

While all New England states have seen their middle-income populations shrink since the start of the 21st century, Maine and Rhode Island have experienced the biggest declines and in both, middle-income households have seen their earnings tank since 2010, according to two recent reports.

Downtown Providence, R.I., skyline as seen from the water. (Photo courtesy of wikipedia.org)

Published on:

15 Feb 2016, 7:32 pm

Two New England states top the list of those where the middle class is declining, according to a study by 24/7 Wall St. published recently by USA Today.com.

The study, based on income earned before taxes by the middle 20 percent of earners in each state, ranked Rhode Island and Maine among the top five states feeling a middle income squeeze.

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Massachusetts