Monday, March 29, 2010

Wall Street Journal: Personal income down in 42 states

If you can bear the depressing news, check out this informative story from the Wall Street Journal.  According to the survey, personal income fell in 42 states during 2009.  It stayed flat in two states and rose in six, as well as Washington D.C.  The only good news is that the trend is positive - personal income rose in the 4th quarter of 2009 as compared to the 3rd quarter - more evidence that the economy is improving.  In Pennsylvania, the per capita income decreased by roughly .5%.  Believe it or not, Pennsylvania's income decrease did not fare nearly as other states.  The Sun Belt (Nevada, Arizona, California, etc) was hit particularly hard, but that is consistent with the rest of the recession.

Hey, it could be worse, right?

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