Connecticut City Cited For Widening Wealth Gap In Bloomberg Report

The "super rich" are getting richer and the middle class are poorer in Bridgeport, according to a national study of the widening wealth gap.

Bridgeport led the nation in a Bloomberg news analysis of the widening income gap between the super rich and middle class.
Photo Credit: *Bloomberg*

A study of the widening income gap between rich and poor cited Bridgeport, CT.
Photo Credit: *Bloomberg*

Jon Craig

04/22/2018 7:00 a.m.

The Bloomberg news ranking found the change in the gap between the super rich to middle class widened in 98 of 100 U.S. metropolitan areas, led by Bridgeport.

The gap narrowed in Ogden, Utah and Colorado Springs, Colo., Bloomberg reported here. (The super rich to middle class gap was defined by those in the top 5 percent of income versus households in the middle 20 percent.) The average income gap widened by $59,000 nationwide. In Bridgeport, the average income gap was $132,000 between super rich and the middle class.

Bridgeport also has the dubious distinction of being ranked third behind San Jose, Calif., and San Francisco as suffering from the widest personal income gap between rich and poor nationwide, according to Bloomberg news in this April 19 report.

The rich-poor gap widened by $31,000 nationwide between 2011 and 2016. Meanwhile, the average income gap in Bridgeport widened by $59,000 over the same five-year period, according to Bloomberg's analysis of Census figures.

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