Connecticut Ranks 4th Nationally for High Income Needed to Be Middle Class

• Connecticut ranks 4th for highest income needed to be middle class, behind Hawaii, Washington D.C., and New York

• Middle class capturing lower share of income compared to past decades

• Inflation peaked at 9% in June 2022, contributing to financial squeeze

• Minimum annual middle class income for a Connecticut family is $80,163 in 2023

• Top 10 states with highest middle class income requirements listed, with Hawaii at #1 needing $82,630