Household income in Louisiana dropped by 7.8% last year, a steeper drop than what was experienced nationally. The U.S. Census Bureau says nationally, median household income was down 3.6% from 2007, to $50,303, the biggest year-over-year drop in 40 years. The Wall Street Journal says the drop means that, adjusted for inflation, the median income was below what it was in 1997. Just a dozen states reported increases, and West Virginia and Delaware saw incomes drop by more than 10%. See the report here.
Report: La. household incomes fell 7.8% last year
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