Montpelier, VT – Governor Shumlin’s message to Vermont’s middle class was displayed clearly last week when he described Vermont’s economy on VPR by saying, “We’re making some real progress” and “Vermont is a great place to….do business.”
According to a special report by the Wall Street Journal, Vermont has one of the fastest growing income gaps in the country and is number 2 in the nation for “states where the middle class is dying.”
The report notes that between 2009 and 2013, “incomes among middle class households fell by 5.9%, one of the larger declines.” The report also points to greater concentration of wealth among the top 5 percent of income earners “These households accounted for 21.1% of all income in Vermont in 2013, up considerably from 2009,” the report continued.
These aren’t just facts and stats. Behind every number is a real Vermonter carrying the burden of stale economic strategy and state policies that have piled costs onto middle class Vermonters who have to pay more, but in many cases are making less.
Restoring economic opportunity and security for all working Vermonters, requires an acknowledgement from the governor and his majority in the Legislature that their policies have been part of the problem, not part of the solution.
It’s time for a change.
You can read the full report here: http://247wallst.com/special-report/2015/01/22/states-where-the-middle-class-is-dying/5/