Connecticut's income gap between wealthy and poor families grew by almost 60% in the last two decades.
The income gap between the richest and poorest families is growing more in Connecticut than in any other state. The disparity is documented in recent reports by Connecticut Voices for Children and two D.C.-based economic research groups.
Douglas Hall is a researcher for Connecticut Voices for Children. He points to the slow recovery from the last recession as one of the causes of the gap.
â€œIn a recession that started in Connecticut in July 2000, we lost over 60,000 jobs over a three-year period. And then took four years to recover those lost jobs--a point that we didnâ€™t reach until August of 2007.â€
Hall also says current unemployment rates in Connecticut doubled since the beginning of the 2000 recession.
The group points to the loss of manufacturing jobs, unemployment and the reduction of some state public programs as other causes for the gap. Hall says that the state should introduce a more progressive income tax for the wealthy and an earned income tax credit low-wage earners.