March 28, 2012
Mass. Personal Income Rose 5% In 2011
The Bay State saw 5-percent growth in personal income in 2011, just below the national average of 5.1 percent, the Bureau of Economic Analysis reported.
Personal income in Massachusetts was $353.2 billion compared with $336.6 billion in 2010.
Meanwhile, disposable personal income - the portion of income available for spending and savings - rose 3.2 percent. And per-capita personal income - which is personal income divided by population - grew 4.5 percent, slightly above the national average of 4.3 percent.
Across the country, income growth outpaced inflation, increased to 2.5 percent in 2011 from 1.8 percent in 2010.
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