CORRECTION. The original post had the incorrect percentage drop in Tennessee personal income. The error has been fixed.
If you found it harder to make ends meet last year, there’s a reason. State personal income in the U.S. fell an average of 1.7 percent in 2009, the Department of Commerce said today.
In Tennessee, the decline was 1.26 percent. In raw dollars, per capita income in Tennessee dropped to $34,089 in 2009 from $34,833 in 2008, according to a press release from the Bureau of Economic Analysis.
Here’s a chart of the Knoxville MSA stats.