Personal Income in Majority of States Grew In First Quarter of 2017

Washington Free Beacon | 8/9/2017 | Ali Meyer
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BY: Ali Meyer

In 42 states, personal income grew from the past year, even after adjusting for inflation, according to a report from Pew Charitable Trusts.

Income - Wages - Salaries - Benefits - Social

Personal income includes wages and salaries, benefits from Social Security, Medicare, and Medicaid, as well as employers' contributions to retirement plans, contributions to health insurance, and income from property and rent.

On average, personal income grew across all states by 1.8 percent, but some states saw growth as high as 2.9 percent.

Year - Idaho - Washington - Utah - Income

Compared with the previous year, Idaho, Washington, and Utah saw personal income grow by 2.9 percent. According to the report, personal income fell in Wyoming, North Dakota, Nebraska, Oklahoma, Alaska, Vermont, Iowa, and West Virginia, due to manufacturing, farming, state and local government, and construction weaknesses.

The study also evaluated how personal growth has fluctuated since the recession began in 2007. The group found that personal income growth has recovered unevenly since this time with certain states growing faster than others.

Example - States - Income - Nation - End

For example, there were 17 states in which personal income grew faster than the nation as a whole since the end of 2007. North Dakota's personal income has grown 4.2 percent since the recession, Texas's has increased 2.9 percent,...
(Excerpt) Read more at: Washington Free Beacon
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