Business & Tech
How Has Ridgefield's Household Income Changed Since the 2007 Recession?
The report notes changes in the trends of household income from 2007-2013.
Editor’s Note: We first ran this story on May 12 but ICYMI the CT Mirror compiled this data that shows you how household income in Ridgefield has changed since the 2007 recession.
The Connecticut Mirror took an in-depth look at income brackets in Connecticut from 2007 to 2013 and they found that there are more higher income and lower income households, which means that the middle class is shrinking.
In Ridgefield, 36 percent of households earned a yearly income of $200,000 or more in 2013, and that rate was at 31 percent in 2007. 67.2 percent of households earned at least $100,000 in 2013 while 61.6 percent of households earned at least that amount in 2007.
But the most interesting stat, according to CT Mirror, is that in 2013 10.4 percent of Ridgefield households earned less than $25,000, an increase from 2007 when that figure was 8.6 percent.
Overall for Connecticut, the number of households earning more than $200,000 in Connecticut grew by 1.7 percent from 2007 to 2013 and now stands at 9 percent.
The number of households earning more than $100,000 in Connecticut grew by 3.8 percent from 2007 to 2013 and is now at 33.1 percent.
But the number of households in Connecticut earning $25,000 or less has actually increased slightly from 2017 to 2013 and now stands at 18.6 percent.
The CT Mirror takes an in-depth look at Ridgefield’s income brackets, which can be viewed by clicking here.
Image via Shutterstock
Want more Ridgefield news? Sign up below!
