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In 49 States, Income Boost Outpaces Economic Growth
Stateline: The sharp gain in median household income last year, one of largest increases on record, may also signal a turning point in the decades-old disconnect between middle-class earnings and overall economic growth.
In 49 states, median income increased at a faster rate than per capita gross domestic product, according to a Stateline analysis of census data and figures from the U.S. Bureau of Economic Analysis. The one exception was New Jersey, which is feeling the effects of a slumping casino industry, declining interest in suburban office parks, and many communities’ slow recovery from Superstorm Sandy, in 2012.
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