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GasBuddy News Article

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Oil, gas boom lifts U.S. personal income overall

Asbury Park Press -- The nation’s oil and gas boom is driving up income so fast in a few hundred small towns and rural areas that the entire USA is floating upward because of it, a USA Today analysis of new government data shows.

The 261 million people who live in cities and suburbs still haven’t recovered earning power lost in the economic downturn. Average income per person fell 3.5 percent in metropolitan areas between 2007 and 2011 after adjusting for inflation, according to data released Monday by the federal Bureau of Economic Analysis.

By contrast, small-town America is better off than before: Inflation-adjusted income is up 3.8 percent per person since 2007 for the 51 million in small cities, towns and rural areas.


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Submitted Nov 27, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil, gas boom lifts U.S. personal income overall Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Dec 1, 2012 7:24:07 AM

not sure where they get the figures from, I haven't gotten any "better off than before" and I live in a rural/small town area.
Wizrd03
Champion Author Illinois

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Message Posted: Nov 28, 2012 6:46:37 AM

Figures lie & liars figure
SkooterG
Champion Author Phoenix

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Message Posted: Nov 28, 2012 2:02:29 AM

Big deal. Most still aren't feeling it.
bston
Champion Author Oklahoma City

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Message Posted: Nov 28, 2012 12:22:29 AM

Don't know that I quite believe the government data.
defiancegasman
Champion Author Ohio

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Joined:May 2006
Message Posted: Nov 27, 2012 11:12:36 PM

Just as long as it is the INCOME of MILLIONS OF WORKERS that went up 4% instead of just the income of the TOP 2% going up 50%!! That has been the problem for the last 10 yrs!!
JoeKR
Champion Author New Jersey

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Message Posted: Nov 27, 2012 11:11:50 PM

Big business is still holding back on hiring - that's trickle down - it doesn't happen until the rich have gotten richer first.
jkpsr
Champion Author New Jersey

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Message Posted: Nov 27, 2012 11:08:46 PM

Maybe we can depopulate our more overcrowded cities.
VikingWoman
Champion Author Washington

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Message Posted: Nov 27, 2012 11:07:39 PM

My son went to North Dakota and I considered going too. He can make big bucks as a welder or working labor jobs but my 15+ years of customer service office experience will find me a $12 - $15 an hour job and I won't be able to find a place to rent on that income. I might have trouble finding a job with benefits too. I'm currently earning considerably more with excellent benefits. I just don't much care for my working conditions since I never was one to be micro-managed.
Teachers are barely making a living wage condsidering the news story I watched. The school districts are buying apartment buildings because the demand for teachers is so high and affordable housing is hard to find. They put 2 teachers in each apartment. That's probably ok if you are married to a teacher but if you have a family it may not be a good fit.
Rent is crazy there. My son paid $1400 a month for space rent for his travel trailer. Electric and water were included but camping is all done when winter comes. He left early November because it was just too cold.
pepinoNC
Champion Author Raleigh

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Message Posted: Nov 27, 2012 11:06:48 PM

Everyone I know got raises this year.
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Nov 27, 2012 11:05:00 PM

The opportunity presents itself. But you do have to get off your duff to answer the door bell.
wz
Champion Author Twin Cities

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Message Posted: Nov 27, 2012 11:03:39 PM

A rising tide lifts all boats. Allow one area of the economy to prosper, and the multiplier effect will spread out across the whole country (unless it is taxed away).
DEG
Champion Author Las Vegas

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Message Posted: Nov 27, 2012 11:02:34 PM

That is a load of crap. I don't see the economy significantly improving in Nevada.
bvrbill
Champion Author Eugene

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Message Posted: Nov 27, 2012 11:02:19 PM

I wish some of that income increase was coming my way.
andy1024
Champion Author Allentown

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Message Posted: Nov 27, 2012 11:00:04 PM

Good news.
gsayeg1
Champion Author Milwaukee

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Message Posted: Nov 27, 2012 10:59:03 PM

hmmmm - does this mean that smallville has another hero?
suzmar
Champion Author Texas

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Message Posted: Nov 27, 2012 10:56:44 PM

Just imagine how much income would be lifted without the oppressive rules of the Obama administration.
vulcan96
Champion Author Ohio

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Message Posted: Nov 27, 2012 10:55:34 PM

it will soon take a massive nosedive...
jrsva
Champion Author Virginia

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Message Posted: Nov 27, 2012 10:54:57 PM


They’ve drilled and fracked, just waiting for the royalty checks to start coming in....
mstearno
Champion Author Dayton

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Message Posted: Nov 27, 2012 10:49:55 PM

is that why the average income is down $4,000 since NOBAMA took office?
that's 8%
welcome to the new economy
called tax the rich
and then ask where did all the jobs go?
When will we see 500,000 jobs added in one month?
all other recessions have a BOOM factor
not this one why????
What was his paper on anyways?
g747
Champion Author Mobile

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Message Posted: Nov 27, 2012 10:46:01 PM

We need tax cuts for people who need it period!!!!!.
Dodge_Me
Champion Author Atlanta

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Message Posted: Nov 27, 2012 10:40:40 PM

I can agree with feeling the downturn, still not making near what I was but disagree with when. I saw the changes to my business right after 9/11/01 and have not even begun to come back.
kcboy
Champion Author Utah

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Message Posted: Nov 27, 2012 10:40:37 PM

Just drop the price
nwsynthetics
Champion Author Oregon

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Message Posted: Nov 27, 2012 10:37:49 PM

Income increaSE, GAS WILL RISE. lET INCOME RISE AND GAS PRICE FALL.
gd83goldwinger
Champion Author South Bend

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Message Posted: Nov 27, 2012 10:37:43 PM

Don't see how were better now. I'm making less do to cut backs and everything else has gone up. So where is my increase of income?????????????
bonzoonfmb
Champion Author Florida

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Message Posted: Nov 27, 2012 10:33:53 PM

Improvement needs to happen sooner.
mrselfdestruct
Champion Author Arkansas

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Message Posted: Nov 27, 2012 10:28:56 PM

Thought there was no inflation?
drobbbb
Champion Author Maryland

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Message Posted: Nov 27, 2012 10:28:07 PM

as the economy get better we will all benefit
MINIWINI598
Champion Author Washington

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Message Posted: Nov 27, 2012 10:25:14 PM

Interesting
humblepie
Champion Author Toledo

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Message Posted: Nov 27, 2012 10:20:31 PM

nice to know i guess
Mr_Bill_W
All-Star Author Virginia

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Message Posted: Nov 27, 2012 10:19:42 PM

Ok
wayoung56
Champion Author Alabama

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Message Posted: Nov 27, 2012 10:17:30 PM

Hmmm...
erikk77
Veteran Author Washington

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Message Posted: Nov 27, 2012 10:14:46 PM

Where's the money?
Gas4Gore
Champion Author Detroit

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Message Posted: Nov 27, 2012 10:14:00 PM

Great
goldrose1
Champion Author Cleveland

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Message Posted: Nov 27, 2012 10:11:26 PM

Hope it's really helping little guy. Not me.
pgerassi
Champion Author Milwaukee

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Joined:Apr 2007
Message Posted: Nov 27, 2012 10:08:06 PM

Yes rising slowly beats boom and bust over the long haul.
Lukus
Champion Author Halifax

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Message Posted: Nov 27, 2012 10:06:26 PM

Slow and steady is the best way.
serrog
Champion Author Nova Scotia

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Message Posted: Nov 27, 2012 10:06:23 PM

Clampetts?
WaWanderer
Champion Author Washington

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Joined:Oct 2011
Message Posted: Nov 27, 2012 10:04:52 PM

Did not help me
nimpy
Champion Author Indianapolis

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Message Posted: Nov 27, 2012 9:57:56 PM

Yeah and the prices still go up
30mpg80
Champion Author Lexington

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Message Posted: Nov 27, 2012 9:57:42 PM

More money, the average goes up, is this a surprise?
grandamgt1
Champion Author Illinois

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Message Posted: Nov 27, 2012 9:56:16 PM

Not a bad thing.
Darwin00
Champion Author Mississippi

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Message Posted: Nov 27, 2012 9:54:21 PM

Good news!
s6sputnik
Champion Author Austin

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Message Posted: Nov 27, 2012 9:50:49 PM

Good stuff!
CCLighthouse
Champion Author Hartford

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Message Posted: Nov 27, 2012 9:43:11 PM

Any increase helps to lift up the total average income.
REKEY
Champion Author South Carolina

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Message Posted: Nov 27, 2012 9:42:25 PM

Not my town!
walkingtall
Champion Author Toronto

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Message Posted: Nov 27, 2012 9:36:24 PM

Tough for all except for one per cent.
abcdMA
Champion Author Worcester

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Message Posted: Nov 27, 2012 9:34:39 PM

these are the 1% now
frostyWV
Champion Author West Virginia

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Message Posted: Nov 27, 2012 9:29:36 PM

tough for all except the 1%.
WIWalt
Champion Author Wisconsin

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Message Posted: Nov 27, 2012 9:29:32 PM

Yah right
luvmyburgi
Champion Author Ohio

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Joined:Sep 2005
Message Posted: Nov 27, 2012 9:23:39 PM

Not for that many people!
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