Economy
8 / 12    

The 10 richest states in America

Hartford, Connecticut

» more from Economy

4. Connecticut

Median household income: $67,276
Population: 3,590,347

In 1927, the wealthiest 1 percent of the country had 18.7 percent of the money, then the Great Depression hit and things normalized a bit and the middle class grew. That is until 2012, when the top 1 percent accounted for 19.3 percent of all household income.

According to a recent UC Berkeley study, from 2009 to 2012 incomes of the top 1 percent of Americans increased by 31.4 percent while the incomes for the rest rose by just 0.4 percent. New York had a higher gulf between the haves and the have-nots than Connecticut.

"On one hand, decades of industrial flight gutted large swaths of Bridgeport, Norwalk, Stamford, the Naugatuck River Valley and parts of this region's suburbs, leaving shells of factories, brownfields and a dearth of middle-class jobs," Tim Loh said recently in the Connecticut Post. "Meanwhile, there was an influx of hedge fund, investment banking and other high-paying finance jobs, which experienced ever increasing paychecks and bonuses both here and in New York Citywhile executive pay soared to record heights."

Speaking of records, the most expensive home in the country is a 12-bedroom Greenwich mansion worth a cool $190 million. (But are they happy?)

The good news is the Nutmeg State leads the nation in percentage of households earning over $200,000. But the sad news is more than 3 million of its residents are unemployed.

Steve Dunwell | Photolibrary | Getty Images