Pennsylvanians Make Little Progress Despite Economic Expansion

View the Full Briefing Paper

The turmoil in the nation's financial markets this month suggests that the economic slowdown which began late last year is likely to run deeper and last longer than previously anticipated.

This is bad news for Pennsylvania, where median household income, health insurance coverage, and poverty still reflect the losses of the last recession, despite six years of economic growth.

Using 2007 data from the US Census Bureau, the Pennsylvania Budget and Policy Center's new publication, Lifting Few Boats, finds little to cheer about.

Prices for food and energy rose quickly in 2008, eroding the few gains Pennsylvania families made in 2007. Pennsylvanians enters the next recession without having fully recovered from the last, and with fewer resources to ride out the storm.

View the Full Briefing Paper