Monday, September 26, 2011

U.S. Median Income Down in 35 States

The U.S. Census Bureau's American Community Survey indicates people might be buying less because they have fewer dollars coming in.

The survey, using data collected from Jan. 1, 2010, to Dec. 31, 2010, found median annual household income fell in 35 of the 50 states and the District of Columbia from 2009 to 2010, with the remaining 15 states showing no change in median household income.

The nationwide median income fell by 2.2 percent last year, but the median income dropped by more than 5 percent in seven states: Alaska at 5.2 percent, Arizona at 5.8 percent, Connecticut at 6.1 percent, Idaho at 5 percent, Nevada at 6.1 percent, Oregon at 5.5 percent and Vermont at 6.1 percent.

http://www.upi.com/Business_News/2011/09/25/US-median-income-down-in-35-states/UPI-89721317005081