Vermont household income drops most in U.S; down 10.3 %. (Chittenden: apartments, college)

MTK1 · 09-29-2009, 06:24 PM

Saws this in the online Freepress today.

Take a gander at this:Vermont's household income has dropped more than any other state, 10.3 percent in recent years.

http://www.burlingtonfreepress.com/a...Id=personaDest

U.S.A today census graphic/data.
Census Bureau reports on income, poverty - USATODAY.com

j_jimerino · 10-01-2009, 08:54 AM

Surprised there are no comments on this. It isn't exactly a huge surprise to me. While economists had doubts about the numbers, I recall one of them said that even by their own measure Vermont would be "only" the second worst in the country.

The job situation is a little better in Chittenden County, but not great there either. In other parts, there is literally nothing that pays well.

This is the unfortunately reality when a tiny number of independently wealthy individuals are depended upon for the lion's share of tax revenue. And keep in mind those individuals are likely not changed to the land.

mustmove · 10-01-2009, 10:34 AM

There is a bit by one of the quoted economists over at Vermont tiger suggesting these results probably are exaggerated. Not that VT is doing well...

GypsySoul22 · 10-01-2009, 05:45 PM

Well, when $10/hr is considered good money you know there is an issue.

This isn't the rural South where apartments cost $600 a month...

Wingfoot · 10-06-2009, 08:57 PM

A lot of the people whose incomes went 10% are down to the last few-million in their trust fund.

flu189 · 10-07-2009, 12:17 PM

Strictly from just my situation our family income here in Vermont has dropped in 2009 from prior years by 36%. Also, we are not trust fund or investment based in terms of counting such income for annual survival. If I were to count the loss of my net worth in terms of retirement investment losses then the 36% figure will push well over 50%. For the first time in my family's working lives, which spans well over three decades, we are finally on the public dole to a degree. This despite all of us, including our children, having four year college degrees. Still looking for all those wonderful jobs that are supposed to be out there.

Wingfoot · 10-07-2009, 03:28 PM

My niece lost her teaching job in SW VT and the emperor has no clothes.