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Eric Davis: In Vermont, only the wealthy are seeing incomes grow

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Posted on March 7, 2013 |
By Eric Davis



One of Gov. Shumlin’s talking points in his speeches around the state is that “Vermont’s economy is on the mend.” The governor claims that Vermont has been doing better than most states in recovering from the recession, and that Vermont was the only state in the nation to see actual growth in personal income from 2010 to 2011. While this claim is borne out by the economic data, what the governor does not say is that the income growth in 2011 was concentrated in a small proportion of Vermont households.

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