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10-01-2009, 09:54 AM
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Member
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Join Date: Aug 2009
15 posts, read 4,254 times
Reputation: 15
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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.
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10-01-2009, 11:34 AM
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Senior Member
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Join Date: Feb 2008
653 posts, read 404,971 times
Reputation: 151
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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...
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10-01-2009, 06:45 PM
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You have to give it up to a higher power.
Status:
"Looking to the future"
(set 6 hours ago)
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Join Date: Jul 2006
Location: Twilight Zone I think.
4,938 posts, read 3,070,962 times
Reputation: 2127
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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...  |
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10-06-2009, 09:57 PM
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Senior Member
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Join Date: Sep 2009
1,148 posts, read 240,369 times
Reputation: 471
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A lot of the people whose incomes went 10% are down to the last few-million in their trust fund.
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10-07-2009, 01:17 PM
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Senior Member
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Join Date: Dec 2006
Location: hinesburg, vt
1,573 posts, read 1,195,030 times
Reputation: 297
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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.
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10-07-2009, 04:28 PM
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Senior Member
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Join Date: Sep 2009
1,148 posts, read 240,369 times
Reputation: 471
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My niece lost her teaching job in SW VT and the emperor has no clothes.
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Vermont household income drops most in U.S; down 10.3 %.
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