Long Term Personal Income Trend Not Looking Great
In February, Personal Income growth continued, but at a slower pace for the second month in a row. Growth rates are still far from their historical average of 6.8% per year, and for the last two months have fallen further away from that average. Personal Income growth has regularly been below 6.8% per year since the 1980s.
Some States Faring Better than Others
“I’m living so far beyond my income that we may almost be said to be living apart.” – E.E. Cummings