Friday, March 25, 2011

We're richer than we were. Kind of.

When an editor gave me an assignment yesterday to write about new income numbers from the U.S. Bureau of Economic Analysis, I was surprised to see New Mexico had the highest growth rate of personal income in the country in 2010. Turns out it's not quite that simple. "Income" includes things like Medicaid and Social Security payments. So in some cases, people who actually are "earning" less at work have higher "incomes." Fascinating stuff. Check out my story here.

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