How is Minnesota’s ‘middle class’ doing?

February 19, 2013 | | MinnPost |

If you consider yourself part of the middle class, you could be forgiven for not standing at the ready after President Obama called for you to be reignited.

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Another measure of middle-class security is a retirement nest egg, something to guard against sliding into poverty once the paychecks stop. In 2001, 71 percent of Minnesota workers had access to employer-sponsored retirement programs, according to the Demos/Growth & Justice study. That has fallen to 61 percent as employers stopped investing in pension plans and replaced them with 401(k) plans based largely on worker contributions. And, by several accounts, it still is sliding.