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Illinois Ranks 30th in Income Growth Over Last Year

Illinois is just below the middle of the pack when it comes to economic growth over the past four quarters. That’s according to the latest data from Pew Charitable Trusts’ Fiscal 50 project.

Illinois is second-to-last in the country for personal income recovering, only growing half a percent, since the beginning of the recession in 2007. However, in the past four quarters Pew’s Research Director Barb Rosewicz (row-SHAY-vitz) says Illinois landed at No. 30 for personal income growth.

The Commission on Government Forecasting and Accountability says Illinois is experiencing the slowest growth since the end of World War II and in a recent report asked if a recession lies near. Both COGFA’s Dan Long and Pew’s Rosewicz note Illinois’ loss of population over the past couple of years. 

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