Mr. T Posted March 29, 2010 Report Share Posted March 29, 2010 Personal Income Drops Across the Country By SARA MURRAY Personal income in 42 states fell in 2009, the Commerce Department said Thursday. Real Time Economics Overview 2009: Income, Population, Jobs and Home Prices by State View Interactive How state personal income changed in 2009 from 2008. Nevada's 4.8% plunge was the steepest, as construction and tourism industries took a beating. Also hit hard: Wyoming, where incomes fell 3.9%. Incomes stayed flat in two states and rose in six and the District of Columbia. West Virginia had the best showing with a 2.1% increase. In Maine, Kentucky and Hawaii, increased government benefits, such as unemployment insurance and Social Security, offset drops in earnings and property values. Nationally, personal income from wages, dividends, rent, retirement plans and government benefits declined 1.7% last year, unadjusted for inflation. One bright spot: As the economy recovered, personal income was up in all 50 states in the fourth quarter compared with the third. Connecticut, again, had the highest per capita income of the 50 states at $54,397 in 2009. Mississippi ranked lowest at $30,103. Write to Sara Murray at sara.murray@wsj.com WSJ article Another reason why dems will be replaced this fall. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.