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Thursday, 19 September 2013 01:40

St. Louis incomes down since Great Recession

   If it feels like you are making less money now than you were before the Great Recession, you just might be.  

   Census data released Wednesday indicates that inflation in St. Louis has increased faster than income since 2007.  The St. Louis Post-Dispatch reports that when adjusted for inflation, median household income for the region was just over $52,000 last year, compared with more than $58,000 in 2007.  

   And the poverty rate has jumped to 14.3 percent this year from 11 percent six years ago.  

   Its a national problem.  Inflation has outpaced income in 95 of the largest 100 metro areas.

Published in Local News

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