Arkansas Personal Income – 2012:Q4

The Bureau of Economic Analysis released new data on state personal income this morning.  In Arkansas, personal income rose by 2.2% for the quarter, compared to a 1.9% growth rate nationwide.  Arkansas’ growth rate for the quarter was the 12th highest in the...

Income and Price Parities – Implications for Arkansas

“After adjusting for a relatively low cost of living, incomes in Arkansas allow for a higher standard of living than in some of the higher-cost regions of the country.” It is widely recognized that changes in income and spending over time should be...

The Poverty Rate and the Cost of Living

When the latest data on state-level poverty rates was released last week (September 10), I was asked to comment for a story in the Arkansas Democrat-Gazette.  I pointed out that poverty rates are not adjusted for differences in the cost of living. My point was the...
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