Personal income jumps in Erie County

Personal income jumps in Erie County

There are 3 comments on the Erie Times News story from Nov 27, 2012, titled Personal income jumps in Erie County. In it, Erie Times News reports that:

For millions of Americans, 2011 was more of the same, a tough year stacked on top of a tough year that came before.

Join the discussion below, or Read more at Erie Times News.

TaxNoMore

South El Monte, CA

#1 Nov 27, 2012
No complaining when those taxes jump next year.

In Erie County, that measure of wealth rose from $32,627 in 2010 to $34,721 in 2011, the most recent year for which statistics are available.

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President Obama took office in the first quarter of 2009, when median household income was $54,797.63. As of the last quarter of 2011, median household income was $52,377.21.

This was the interval Mr. Zandi suggested using to check Mr. Romneyís statement, and it shows an income drop of $2,420.42. Thatís not $3,000, of course, but itís still pretty bad.

One could also reasonably argue that it might be more appropriate to use the quarter before Mr. Obama took office as the baseline, rather than the quarter in which he was sworn in. In the fourth quarter of 2008, median household income was about $55,380.17.

Starting from that quarter gives us a decline of $3,002.96, almost exactly the number Mr. Romney cited.

http://economix.blogs.nytimes.com/2012/04/23/ ...

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Erie County's performance is a victory by most any measure, said Jim Kurre, professor of economics at Penn State Behrend and director of the Economic Research Institute of Erie.
CRANK

Erie, PA

#2 Nov 27, 2012
Let's see.... 34721.00 divided by 52,377.21=.62

Question, where else in America does being 38% below a national average constitute a victory in the minds of academics?
CRANK

Erie, PA

#3 Nov 27, 2012
I just answered my own question. With that kind of thinking I could be a journalist. At the ETN.

On the other hand.....

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