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Home Illinois News

Lawmakers blame poor policy decisions for Illinois’ near-worst income growth

Illinois Review by Illinois Review
June 26, 2017
in Illinois News
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By Michael Carroll / Illinois News Network - 

Nearly every state in the union has outpaced the rate of personal income growth in Illinois since the recession set in a decade ago, according to recent economic data.

The personal income figures for all U.S. states have rebounded to surpass pre-recession levels, the Pew Charitable Trusts reported last month, but Illinois’ 0.8 percent annual rate of income growth was the second slowest pace nationwide, just ahead of Nevada. By contrast, North Dakota had personal income gains averaging 4.5 percent a year.

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