Submitted by tim
on
In its December 15, 2009 press release, The Vermont Economy Newsletter reported a slight increase in Vermont median family income. We have discovered an error in the formula used to calculate the median income. The corrected data show a decline of $1,900 in inflation-adjusted median income, from $68,314 in 2007 to $66,444 in 2008, a decline of 2.7%.
The corrected graph is shown below.
Source: Northern Economic Consulting. 1.5.2010