Florida’s middle class is dwindling, even as the state’s upper and lower classes grow. That’s according to a study released Monday by Florida International University’s Research Institute on Social & Economic Policy.
Wage stagnation has been a central theme of the presidential election, and FIU’s findings do nothing to dispel the notion that the middle of the economy is disappearing:
- Middle class: In 2009, 50.8 percent of Florida households were middle class. By 2014, that share had fallen to 49.1 percent. Average income for middle-class households is $39,275.
- Upper class: In 2009, 17.5 percent of households were upper class. That share grew to 18.9 percent in 2014. Average income for upper-class households is $118,847.
- Lower class: The share rose from 31.7 percent in 2009 to 32 percent in 2014. Average income is $12,098.