Michigan, Florida Lead 34 States With Income Drop
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Michigan and Florida led 34 U.S. states whose median household income fell in 2009, up from eight with declines the year before, as the worst recession since the Great Depression sapped Americans’ earnings.
Nationally, median household income fell 3 percent in 2009 to $50,221, the second straight annual drop, the Census Bureau said in its 2009 American Community Survey. Income in Michigan fell 6.2 percent to $45,255, while Florida followed with a drop of 5.7 percent, to $44,736, the bureau said in a report on its website.