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New Yorkers’ Income Falls for 1st Time in 70 Years

Posted By admin On October 6, 2010 @ 10:16 am In Featured Stories | Comments Disabled

Reuters [1]
Wednesday, October 6, 2010

The recession put a 3.1 percent dent in the personal incomes of New York state residents, who endured their first full-year decline in more than 70 years, according to a report released Tuesday.

Paychecks or net earnings tumbled 5.4 percent, while dividends, interest and rent slid 8.4 percent, to a grand total of nearly $908 billion, the state comptroller’s report said.


New Yorkers Income Falls for 1st Time in 70 Years 150410banner1 [2]

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Not only did New Yorkers’ personal incomes fall “almost twice” as much as they did in the nation as a whole, but they have yet to recover to pre-recession levels, Comptroller Thomas DiNapoli said.

The drop occurred even though the job-destroying recession was milder in New York than in the rest of the country.

Full story here. [1]

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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/39531849

[2] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] Californians’ income falls for first time since WWII: http://www.prisonplanet.com/californians-income-falls-for-first-time-since-wwii.html

[5] Income falls 3.2% during Obama’s term: http://www.prisonplanet.com/income-falls-3-2-during-obamas-term.html

[6] D.M.V. Might Automatically Enroll New Yorkers for Organ Donation: http://www.prisonplanet.com/d-m-v-might-automatically-enroll-new-yorkers-for-organ-donation.html

[7] US incomes ‘fell more after than during recession’: http://www.prisonplanet.com/us-incomes-fell-more-after-than-during-recession.html

[8] Net Worth of American Family Falls 40% In 3 Years: http://www.prisonplanet.com/net-worth-of-american-family-falls-40-in-3-years.html

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