Commerce Department Reports Incomes Fell

Many Americans saw their take home income fall last year. That's according to new numbers out from the Commerce Department. Incomes fell in 49 of the country's 52 biggest metropolitan areas. The only areas that saw incomes rise were Washington, DC, San Antonio, Texas and Virginia Beach, Va.

Copyright © 2010 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, host:

NPR's business news starts with your thickening - or thinning - wallet.

(Soundbite of music)

INSKEEP: Many Americans saw their take-home income fall last year. That's according to new numbers out from the Commerce Department. Incomes fell in 49 of the country's 52 biggest metropolitan areas. The only areas that saw incomes rise were Washington, D.C., San Antonio and Virginia Beach.

All three cities have something in common: a strong presence by the federal government or the military. Cities that had a lot of jobs in housing and finance had the biggest declines in incomes.

Copyright © 2010 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.