MIAMI. Faced with growing inflation in the US from 2022, in Florida a family of four members requires having income of $67,835 per year to be considered class average, according to a private study carried out to determine how much a family group must earn in each state of the country to be an engine of prosperity for the nation.
The comparative analysis of the 51 US states, carried out by a financial research and advisory company based in the country, indicated that Florida is among six other locations in which families They require income with that amount to be middle class, according to the ranking.
The other states are Delaware, Illinois, Maine, Minnesota, Pennsylvania and Utah.
According to the ranking, while a family of four has to earn between 67,835 and 67,830 in Florida and the other six locations, in Alabama and Arkansas $16,037 less is required, that is, $51,798, the lowest amount required to reach the average standard of living.
Meanwhile, families in the District of Columbia and New York have to earn $81,396, that is, $13,561 more. Hawaii requires the highest income, $82,630, to be middle class.
Inflation reduces middle class in the US
After an extensive analysis, the study concludes that “as a result of the increase in inflation – which reached 9% year-on-year in June 2022 – many people left the middle class, although some of them were in that category two years ago,” according to the publication that published the study.
It indicates that although the middle class has historically been the engine of economic growth and prosperity in the United States, families with that standard of living currently capture a smaller part of the income than in the decades of the 60s, 70s and 80s.
And since the mid-2000s, the middle class in the country has shrunk by approximately 60%, also partly due to demographic changes.
Florida, moderate income among 51 states
According to the ranking, Florida requires more moderate income than other states, in the list of 51 which, in order from least to greatest amount of money to integrate the middle class, is as follows:
- Alabama: US$51.798
- Arkansas: US$51.798
- Arizona: US$57.964
- West Virginia: US$59,197
- Mississippi: US$60.431
- Iowa: US$61.664
- Kentucky: US$61.664
- Louisiana: US$61,664
- Missouri: US$61.664
- Ohio: US$61.664
- Oklahoma: US$61,664
- South Carolina: US$61,664
- Dakota del Sur: US$61,664
- Virginia: US$61.664
- Alaska: US$62.897
- Idaho: US$62.897
- Indiana: US$62.897
- Nebraska: US$62.897
- North Dakota: US$62,897
- Tennessee: US$62.897
- Michigan: US$64.130
- New Mexico: US$64,130
- North Carolina: US$64,130
- Wisconsin: US$64.130
- Wyoming: US$64.130
- Georgia: US$65.364
- Kansas: US$65.364
- Montana: US$65.364
- Nevada: US$66.597
- Texas: US$66.597
- Delaware: US$67.830
- Illinois: US$67.830
- Maine: US$67.830
- Minnesota: US$67,830
- Pennsylvania: US$67,830
- Utah: US$67.830
- Florida: US$67.835
- California: US$69.064
- Colorado: US$69.064
- Rhode Island: US$69.064
- Oregon: US$70,297
- Vermont: US$71.530
- Maryland: US$73.997
- New Hampshire: US$73,997
- Washington: US$73.997
- Massachusetts: US$76.463
- Connecticut: US$80.163
- New Jersey: US$80,163
- District of Columbia: US$81,396
- New York: S$81,396
- Hawai: US$82.630
Source: With information from La Nación.ar, Consumeraffair.com
