Economy's Strength Propelled Personal Income In 1998
April 28, 1999
The average per capita income for the nation's 270.3 million people rose 4.4 percent last year -- to $26,412. While that was not as large as the 4.7 percent gain registered in 1997, it probably felt like more since overall prices rose just 0.8 percent in 1998 versus 2 percent the previous year.
These figures are part of a Commerce Department report released Tuesday.
- In 1998, average per capita income ranged from $37,598 in Connecticut to $18,958 in Mississippi.
- The largest percentage gain was 7.8 percent in North Dakota, where farmers hurt by the Asian financial crisis got government relief payments.
- The smallest increase, 2.1 percent, was registered in Hawaii, where tourism from Asia has declined.
- Trailing only Connecticut, per capita income for Washington, D.C., matched the nation's 4.4 percent rise -- to $37,278.
Source: Beth Belton, "U.S. Personal Income Jumped by 4.4 Percent in '98," USA Today, April 28, 1999.
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