Minnesota's median income takes nation's steepest fall

Author:
Updated:
Original:

A new report finds that Minnesota's median household income has declined more steeply than that of any state in the nation, according to MPR.

The startling statistic is calculated by Growth and Justice, a St. Paul-based economic justice group. Their new analysis, which looks at the period between 2000 and 2010, breaks down the numbers with an array of charts, maps and graphs.

The report shows the state's median income of about $58,000 has fallen by 18 percent after an adjustment for inflation.

The good news is that the state's median income has experienced a post-recession rebound. The bad news is that the group found the income gap between the state's poor and affluent continues to widen and the number of residents living in poverty is on the rise.

Growth and Justice said that the widening inequality gap threatens to slow the state's future growth. The group suggested that policy makers consider how any legislation might increase economic inequality and proposes an Economic Inequality Impact Assessment to review laws and regulations that impact taxes, state and local budgets, or the economy.

Next Up

ballot voting vote

Appeals court changes rules for MN absentee ballots received after Election Day

Pending a further challenge, votes received after 8 p.m. on Election Day may not be counted.

Donald Trump

Confusion over where Trump campaign rally will be held Friday

It sounds like it'll be held at the airport in Rochester.

Screen Shot 2020-10-29 at 3.19.05 PM

This video of the Lowry Hill Tunnel walls being cleaned is oddly satisfying

The tunnel will be closed overnight Thursday for cleaning.

gray wolf

Gray wolf removed from the endangered species list

A decision on whether they can be hunted in Minnesota will come later.

covid saliva test

Minnesota opening its 7th saliva testing location in St. Paul

The tests are free and open to anyone regardless of if they have symptoms.

pete stauber - qunn nystrom CD8

Election 2020 preview: Minnesota's 8th Congressional District

It's a race between incumbent Rep. Pete Stauber and Democratic challenger Quinn Nystrom.

fire, flames

Lives saved as passerby, city workers rescue from 3 from Golden Valley fire

The Golden Valley Fire Department responded to the fire Wednesday morning.

Caribou Coffee Holiday 2020

Caribou Coffee rolls out holiday cups, menu early

The holiday season is underway at some Twin Cities stores, with a nationwide rollout planned for Nov. 5.

Malik Beasley

Charges: Timberwolves' Beasley pointed assault rifle at family on a home tour

The family was on the Parade of Homes tour when Beasley allegedly pointed the gun at them, telling them to get off his property.

Related