Business

September 30, 2013

Kansans’ see slight growth in personal income

Kansas personal income rose 0.5 percent in the second quarter, placing it 42nd among states, according to the U.S. Bureau of Economic Analysis.

Kansas personal income rose 0.5 percent in the second quarter, placing it 42nd among states, according to the U.S. Bureau of Economic Analysis.

It had fallen 0.4 percent in the first quarter, a period that showed unusual weakness nationwide because of tax law changes that boosted incomes at the end of 2012.

The largest component of personal income – wages and other earnings – actually shrank slightly in Kansas during the second quarter.

What produced the overall increase was strong growth in investment income and rents, such as farm ground and oil leases, which totaled about $700 million, a 3 percent jump.

Personal income includes all wages, benefits, interest, dividends, rents and government transfers, such as Social Security and Medicare.

Related content

Comments

Videos

Editor's Choice Videos