Ohio Lags Nation in Personal Income Growth

A recent Pew Charitable Trust report shows Ohio lagging the nation in personal income growth since the last recession. And, national income growth lagged that of the recent past.

Estimated U.S. personal income increased by the equivalent of 1.7% a year from the fourth quarter of 2007 through the fourth quarter of 2016, compared with the equivalent of 2.7% a year over the past 30 years, after accounting for inflation.

Ohio’s average annual growth rate was 1.3% for the period. North Dakota, Utah and Colorado had the highest growth rates. Illinois and Nevada the lowest.  5/22/2017

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