Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:31 AM

GasBuddy News Article

41
votes
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.


Read the Full Article

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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,927
Points:2,213,290
Joined:Nov 2008
Message Posted: Dec 1, 2012 8:24:07 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.
Profile Pic
Wizrd03
Champion Author Illinois

Posts:10,764
Points:2,235,760
Joined:Oct 2008
Message Posted: Nov 28, 2012 7:46:37 AM

Figures lie & liars figure
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,232
Points:883,325
Joined:May 2012
Message Posted: Nov 28, 2012 3:02:29 AM

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

Posts:4,361
Points:1,243,750
Joined:Mar 2011
Message Posted: Nov 28, 2012 1:22:29 AM

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

Posts:7,193
Points:1,356,680
Joined:May 2006
Message Posted: Nov 28, 2012 12:12:36 AM

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!!
Profile Pic
JoeKR
Champion Author New Jersey

Posts:11,744
Points:2,054,970
Joined:Feb 2006
Message Posted: Nov 28, 2012 12:11:50 AM

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

Posts:5,936
Points:1,574,480
Joined:Jun 2005
Message Posted: Nov 28, 2012 12:08:46 AM

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

Posts:3,973
Points:839,105
Joined:May 2012
Message Posted: Nov 28, 2012 12:07:39 AM

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.
Profile Pic
pepinoNC
Champion Author Raleigh

Posts:4,784
Points:1,253,945
Joined:May 2011
Message Posted: Nov 28, 2012 12:06:48 AM

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

Posts:4,440
Points:1,054,965
Joined:Jan 2012
Message Posted: Nov 28, 2012 12:05:00 AM

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

Posts:5,047
Points:1,879,820
Joined:Feb 2009
Message Posted: Nov 28, 2012 12:03:39 AM

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).
Profile Pic
DEG
Champion Author Las Vegas

Posts:20,112
Points:4,074,680
Joined:Jul 2003
Message Posted: Nov 28, 2012 12:02:34 AM

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

Posts:7,155
Points:1,121,600
Joined:Jul 2011
Message Posted: Nov 28, 2012 12:02:19 AM

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

Posts:4,236
Points:1,001,830
Joined:Dec 2011
Message Posted: Nov 28, 2012 12:00:04 AM

Good news.
Profile Pic
gsayeg1
Champion Author Milwaukee

Posts:1,584
Points:228,620
Joined:Jun 2008
Message Posted: Nov 27, 2012 11:59:03 PM

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

Posts:3,497
Points:1,369,315
Joined:Jun 2006
Message Posted: Nov 27, 2012 11:56:44 PM

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

Posts:27,181
Points:3,133,135
Joined:Aug 2004
Message Posted: Nov 27, 2012 11:55:34 PM

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

Posts:12,685
Points:2,216,650
Joined:Jan 2006
Message Posted: Nov 27, 2012 11:54:57 PM


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

Posts:9,537
Points:2,237,340
Joined:Jan 2008
Message Posted: Nov 27, 2012 11:49:55 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?
Profile Pic
g747
Champion Author Mobile

Posts:6,985
Points:1,499,195
Joined:Jul 2009
Message Posted: Nov 27, 2012 11:46:01 PM

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

Posts:2,222
Points:1,013,940
Joined:Mar 2006
Message Posted: Nov 27, 2012 11:40:40 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.
Profile Pic
kcboy
Champion Author Utah

Posts:5,868
Points:1,964,865
Joined:Jun 2005
Message Posted: Nov 27, 2012 11:40:37 PM

Just drop the price
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,134
Points:521,935
Joined:Dec 2011
Message Posted: Nov 27, 2012 11:37:49 PM

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

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Nov 27, 2012 11:37:43 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?????????????
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Nov 27, 2012 11:33:53 PM

Improvement needs to happen sooner.
Profile Pic
mrselfdestruct
Champion Author Arkansas

Posts:1,288
Points:201,100
Joined:Aug 2011
Message Posted: Nov 27, 2012 11:28:56 PM

Thought there was no inflation?
Profile Pic
drobbbb
Champion Author Maryland

Posts:5,850
Points:1,398,570
Joined:Dec 2010
Message Posted: Nov 27, 2012 11:28:07 PM

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

Posts:5,996
Points:1,123,350
Joined:Dec 2011
Message Posted: Nov 27, 2012 11:25:14 PM

Interesting
Profile Pic
humblepie
Champion Author Toledo

Posts:57,440
Points:2,977,220
Joined:Mar 2006
Message Posted: Nov 27, 2012 11:20:31 PM

nice to know i guess
Profile Pic
Mr_Bill_W
All-Star Author Virginia

Posts:657
Points:748,865
Joined:Feb 2012
Message Posted: Nov 27, 2012 11:19:42 PM

Ok
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,270
Points:1,405,285
Joined:Oct 2006
Message Posted: Nov 27, 2012 11:17:30 PM

Hmmm...
Profile Pic
erikk77
All-Star Author Washington

Posts:530
Points:1,460,050
Joined:Aug 2003
Message Posted: Nov 27, 2012 11:14:46 PM

Where's the money?
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Nov 27, 2012 11:14:00 PM

Great
Profile Pic
goldrose1
Champion Author Cleveland

Posts:13,546
Points:2,504,625
Joined:Feb 2005
Message Posted: Nov 27, 2012 11:11:26 PM

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

Posts:13,509
Points:2,734,665
Joined:Apr 2007
Message Posted: Nov 27, 2012 11:08:06 PM

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

Posts:10,740
Points:2,258,410
Joined:Nov 2007
Message Posted: Nov 27, 2012 11:06:26 PM

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

Posts:8,165
Points:2,115,540
Joined:Oct 2008
Message Posted: Nov 27, 2012 11:06:23 PM

Clampetts?
Profile Pic
WaWanderer
Champion Author Washington

Posts:9,278
Points:1,190,150
Joined:Oct 2011
Message Posted: Nov 27, 2012 11:04:52 PM

Did not help me
Profile Pic
nimpy
Champion Author Indianapolis

Posts:10,419
Points:2,239,795
Joined:Oct 2007
Message Posted: Nov 27, 2012 10:57:56 PM

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

Posts:14,357
Points:2,091,055
Joined:Nov 2008
Message Posted: Nov 27, 2012 10:57:42 PM

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

Posts:5,006
Points:1,842,080
Joined:Apr 2008
Message Posted: Nov 27, 2012 10:56:16 PM

Not a bad thing.
Profile Pic
Darwin00
Champion Author Mississippi

Posts:1,867
Points:793,690
Joined:Dec 2010
Message Posted: Nov 27, 2012 10:54:21 PM

Good news!
Profile Pic
s6sputnik
Champion Author Austin

Posts:7,617
Points:1,851,245
Joined:Jun 2007
Message Posted: Nov 27, 2012 10:50:49 PM

Good stuff!
Profile Pic
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Nov 27, 2012 10:43:11 PM

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

Posts:11,136
Points:2,293,775
Joined:May 2008
Message Posted: Nov 27, 2012 10:42:25 PM

Not my town!
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,472
Points:1,710,720
Joined:Nov 2004
Message Posted: Nov 27, 2012 10:36:24 PM

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

Posts:10,477
Points:2,167,065
Joined:Nov 2008
Message Posted: Nov 27, 2012 10:34:39 PM

these are the 1% now
Profile Pic
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: Nov 27, 2012 10:29:36 PM

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

Posts:4,217
Points:1,012,115
Joined:Mar 2012
Message Posted: Nov 27, 2012 10:29:32 PM

Yah right
Profile Pic
luvmyburgi
Champion Author Ohio

Posts:8,394
Points:1,547,075
Joined:Sep 2005
Message Posted: Nov 27, 2012 10:23:39 PM

Not for that many people!
Post a reply Back to Topics