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State Residents' Income Seesaws » Urban Milwaukee


Wisconsinites’ saw their income drop over the summer, marking the first time income has decreased statewide since the start of 2020, according to data from the U.S. Bureau of Economic Analysis (BEA).
Wisconsinites’ personal income  including paychecks, rental income, and government assistance, among other sources fell by an annual rate of 14.5 percent in the third quarter of 2020 to a combined $326 billion, down from about $339 billion in the second quarter.
The BEA reports personal income numbers as an annual rate, meaning if Wisconsinites’ personal income continued to decrease at the pace seen between July and September through the end of the year, the income would have dropped by 14.5 percent. ....

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