This Labor Day, Indiana workers can party like it’s 1996.Why 1996? That’s the year corresponding to their income, according to a new Ball State University study. The report from the Center for Business and Economic Research gives Hoosier workers little cause for holiday celebration.Since 1980, the state has tumbled from 30th to 40th in the nation in per capita income.Using inflation-adjusted numbers from 2010, the study assigns a year in which the current standard of living in each Indiana county corresponds to the standard of living in the nation as a whole. Residents in Allen County, for example, had an average personal income in 2010 equivalent to the national average in 1996. Adams County residents had an average personal income equivalent to the U.S. average in 1983.“The bulk of counties in Indiana experienced personal income levels that were 20 years to 30 years behind the national average,” according to the study.
Posted on: Tue, 03 Sep 2013 00:44:26 +0000
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