Feeling Less Cash In Your Pocket? Statistics Prove That L.A., Golden State Income Down
Feeling a little light in the wallet these days? You're not alone. California residents last year saw a 2 1/2 percent drop in income over the previous year, according to KPCC (89.3 FM). It was described as the first income dip for Californians overall since World War II. In Los Angeles County, the drop was worse: 3 percent. Average household income in the Golden State is less, too, going from $44,000 in 2008 to $42,000 last year. Ouch. Too bad everyone can't work for the city of Bell.