BUSINESS

Indiana income growth slows

Maureen Groppe
Star Washington Bureau
Tax refund check.

The federal government released new figures on the wealth of states' residents, and the numbers aren't good for Indiana.

The income Hoosiers received last year grew slightly slower than the national average, dropping the state from 38th to 39th in per capita income, according the Bureau of Economic Analysis.

Personal income in Indiana grew 2.5 percent from 2013 to 2014. Only five states had slower growth rates.

Personal income in Indiana grew 2.5 percent from 2013 to 2014. Only five states had slower growth rates.

That resulted in a per capita income in Indiana of $39,433 compared with $46,129 for the nation.

The per capita income in Indiana is $39,433 compared with $46,129 for the nation.

Indiana's per capita income was very close to the national average from 1929 until the 1970's. The difference opened up even more in about 1980. The 2014 gap of $6,696 is the largest it's been.

Indiana's per capita income was very close to the national average from 1929 until the 1970's. The difference opened up even more in about 1980. The 2014 gap of $6,696 is the largest it's been.

Among types of income in Indiana, investment income and government benefits like Social Security grew the most. Wages grew the least.

Among types of income in Indiana, investment income and government benefits like Social Security grew the most. Wages grew the least.

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Perhaps it's not surprising, then, that the Pew Charitable Trusts reported Wednesday that Indiana is not among the states where employment has recovered from the drop caused by the Great Recession.