Pew report: CT still lagging most states in personal income growth
Unemployment benefits masked little to no growth in earnings
Connecticut State Capitol on a snowy day on Oct. 30, 2020 in Hartford.
Connecticut lagged most of the nation in personal income growth during the pandemic and actually lost ground if unemployment benefits aren’t considered, according to a new analysis from a national think-tank.
The latest report from The Pew Charitable Trusts comes not long after two economists warned Connecticut’s recovery from the coronavirus-induced recession will drag on for years.
“States would have fared much worse if not for the unprecedented government support,” Barbara Rosewicz, director of the State Fiscal Health project for Pew, wrote in her analysis, adding that Connecticut and 40 other states saw personal income drop once public assistance was removed from the equation. “That’s because wages and other earnings, which make up the bulk of personal income, plumm
Connecticut lagged most states in personal income growth during COVID-19 pandemic, new report finds
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Pew report: CT still lagging most states in personal income growth
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