After 18 months of drastic fluctuations in income during the COVID-19 pandemic, the average Connecticut worker has headed into the holiday shopping season of 2021 with more to spend – but with paychecks that don’t stretch not that far amid the higher prices for many items.
The Bureau of Economic Analysis calculated personal income in Connecticut at $ 83,000 per capita in the third quarter of this year. While this represented an increase of over $ 7,000 from two years ago for an increase of almost 10%, the BEA used a much smaller estimate of Connecticut’s population than the official US Census figure. Office. Including the census estimate, personal income in Connecticut would be up about 8% from the third quarter of 2019.Source link