Jan | Feb 2014


BOSS
 

Feeling the Effects of Recession

The median household income dropped in nearly every state from 2008 to 2009, according to the U.S. Census Bureau. Only households in Washington, D.C. and North Dakota, saw a slight increase in median income. The biggest percentage drop came in Michigan, where median income fell 6.2 percent from $48,246 annually in 2008 to $45,255 in 2009. Meanwhile, the percentage of residents living in poverty grew in every state except Louisiana and Maine; in both states, the poverty rate remained the same from 2008 to 2009, according to the Economic Policy Institute.
 
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