Arizona slides to near the bottom in per capita personal income

Bottom-10-1-250x250By Howard Fischer| Capitol Media Services/Arizona Capitol Times

Arizona is now in the Bottom 10 of all states for per capita personal income, the result of the jobs here paying less than those being created in the rest of the country.

Lee McPheters, an economist at from the W.P. Carey School of Business at Arizona State University said the latest figures put Arizona at No. 41. That’s because the U.S. Bureau of Economic Analysis puts average per capita income for 2014 at just $37,895, just 82 percent of the national figure.

But the real key is that neither McPheters nor other ASU economists discussing the outlook here for the coming year see any sign that is changing. And that raises the specter that the state could slip even farther.

There is a trend.

Continued:

Related: New study ranks Tucson area among worst for small business employees/Capitol Media Services

Arizona economy stable, but not promising/KTAR

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