Illinois has worst personal income recovery in Midwest, second worst in U.S.

From the Madison-St. Clair Record: A new report from The Pew Charitable Trusts shows Illinois’ personal income recovery since the Great Recession is the worst in the Midwest and the second-worst in the country. The report reveals Illinois’ dire need for economic reforms to revitalize its moribund economy, which isn’t producing enough well-paying jobs to keep hard-working Illinoisans in the Land of Lincoln.

According to the Pew study, personal income in Illinois has grown at an annualized rate of only 0.7 percent since the recession began in the fourth quarter of 2007. Only Nevada has fared worse: the Silver State experienced one of the worst housing declines in the country, along with massive losses in tourism, as a result of the Great Recession.

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