ACROSS MISSISSIPPI — Personal income in Mississippi rose slightly faster than the national average in 2010 — but the state ranked at the bottom of the United States, the U.S. Bureau of Economic Analysis reports. The BEA said that personal income in Mississippi rose 3.1 percent, slightly higher than the 3 percent national figure. But [...] [...]
ACROSS MISSISSIPPI — Mississippi joined 40 other states in registering a slowdown in personal income during the third quarter. The federal Bureau of Economic Analysis said today that personal income in the state, in comparison with the second quarter, grew 0.4 percent. Mississippi’s personal income grew 1.7 percent during the second quarter. Much of the [...] [...]
WASHINGTON — The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession. The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income [...] [...]
WASHINGTON — The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economy slowed significantly in the spring. The Commerce Department say personal spending was unchanged in June, the third straight month of lackluster consumer demand. Incomes were flat as well, the weakest showing in nine months. [...] [...]