Since 2007, the average Illinoisan hasn’t even seen a full percentage point of personal income growth.
A study released last week by Pew Charitable Trusts shows that, since 2007, the average rate of personal income growth for all Illinois residents is .9 percent. That’s worst in the Midwest and second only to Nevada nationally.
Pew Analyst Barb Rosewicz said the main drivers for such slow growth have been a significant loss of high-paying manufacturing jobs and farmers’ ever-thinning profit margins.
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