- Report from The Pew Charitable Trusts finds that Connecticut and 40 other states see a decline in personal income during the COVID-19 pandemic when public assistance is excluded
- Connecticut fares 41st in nation in 2020 personal income growth
- Finding follows Connecticut’s last-place ranking in personal income growth from 2018 to 2019
Summary by Dirk Langeveld
Connecticut is straggling in personal income growth, according to a recent report from The Pew Charitable Trusts. The organization’s report on personal income growth during the pandemic found that incomes were up nationwide, but that this trend was largely due to major increases in public assistance during the COVID-19 pandemic.
- National incomes were up 4.9 percent when comparing the 2019 and 2020 calendar years, but down 1 percent when public assistance is taken out
- Similarly, Connecticut incomes were up 1.7 percent but down 2.9 percent when public assistance was excluded
- Adjusted incomes between the fourth quarter of 2019 and fourth quarter of 2020 grew just 0.2 percent in the U.S. and dropped 1.8 percent in Connecticut
- Overall, 41 states experienced a decline in personal incomes during the pandemic when public assistance is not considered
- Connecticut ranked last in the nation in personal income growth in its comparison of the 2018 and 2019 calendar years
