Last year in almost EVERY state, household income fell.

Discussion in 'Politics' started by Grandluxe, Sep 23, 2012.

    ECONOMYSeptember 20, 2012, 12:04 a.m. ET

    Incomes Fell or Stagnated in Most States Last Year

    The income of the typical U.S. family fell or was flat in almost every state last year, with the drop particularly steep in places where the economy has been hit hard by the housing bust.

    The sharpest drop occurred in Nevada, where median income fell by 6%. The median fell by 3.8% in California and by 2.9% in Arizona and Florida. Those four states are among those that have seen the biggest falls in home values and housing construction since the financial crisis, and where Americans are still struggling with the resulting heavy debt and high unemployment.

    Nationally, the median income dropped by 1.3% to $50,502 in 2011.

    Let's see.....Bush? :D
  2. I'm above average. My income only fell by .5% last year. :)