Vermont's Median Household Income Down - Officials Not Sure Why
"New U.S. Census Bureau figures indicate Vermont's median household fell 4.7 percent-- from almost $53,000 in 2004-2005-- to just over $50,000 in 2006 and 2007.
Gov. Jim Douglas, R-Vermont, is directing the Tax Department and state economist to investigate. He says it's puzzling because withholding taxes remain strong, per capita family income is up in Vermont, and the poverty rate is stable."
The Administration might be right that we have more retirees with less income than in previous years, but that's a problem, too. More retirees with lower incomes, means we have more people contributing less in taxes to support Vermont's appetite for spending. Read this Off the Rails report to learn what the future holds...unless we change direction soon.
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