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2008 Financial Crisis Isn't Over for Some American Families
2008 Financial Crisis Isn't Over for Some American Families
13 Sep 2018, 06:26 PM IST 
(Bloomberg) -- The impact of the 2008 financial crisis lingers across the U.S.
Median household income was about $2,000 or more below pre-recession levels in 12 states and Puerto Rico in 2017, according to data from the Census Bureau’s American Community Surveys.
Nevada, Connecticut and Florida suffered the biggest hits followed by Alaska, Arizona, Idaho, New Mexico, Louisiana, Indiana, Georgia, Delaware, Michigan and Puerto Rico.
Other areas have seen a noticeable rebound in household income.
| 2017 | 2007 | Change | |
| District of Columbia | 82,372 | 64,553 | 17,819 |
| North Dakota | 61,843 | 51,968 | 9,875 |
| Washington | 70,979 | 65,838 | 5,141 |
| South Dakota | 56,521 | 51,408 | 5,113 |
| Nebraska | 59,970 | 55,635 | 4,335 |
| Colorado | 69,117 | 65,365 | 3,752 |
| Massachusetts | 77,385 | 74,036 | 3,349 |
| Utah | 68,358 | 65,272 | 3,086 |
| Texas | 59,206 | 56,270 | 2,936 |
| Iowa | 58,570 | 55,958 | 2,612 |
| Oregon | 60,212 | 57,734 | 2,478 |
| Minnesota | 68,388 | 66,090 | 2,298 |
| Hawaii | 77,765 | 75,510 | 2,255 |
- Separate government data issued Wednesday showed the poverty rate edged lower last year. While that’s a small step in the right direction, almost 40 Million Americans were still struggling below the poverty line.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Kristy Scheuble at kmckeaney@bloomberg.net, Vincent Del Giudice
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