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Median income is declining in Minnesota. That’s according to a report by an economic group called Growth and Justice.
It shows that median household income in that state has fallen by 13,000 dollars over the past decade, a decline of 18 percent.
Employment analysts tell us this trend could have a major impact on the local economy.
“That’s going to actually affect how much money is being spent at the grocery store and at some of the retail locations, and even how much gas people are putting in their cars – maybe they’re not traveling as much as they normally would if they were the same amount of money,” said Laura Lunde of Manpower.
Some positive news, Lunde says reports like these don’t necessarily reflect what’s happening in all areas of the state. She says in our area, the job outlook is picking up the pace.