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Pew Study: CT Has the Slowest Recovery From the Recession in Entire U.S.

November 13, 2017 By Staff
Pew Study: CT Has the Slowest Recovery From the Recession in Entire U.S.

A new Pew Charitable Trusts carries devastating news for the state of the state's economy.

Connecticut is last in the nation when it comes to recovering from the Great Recession, according to a new study from Pew Charitable Trusts.

Pew compared all 50 states’ growth rate in personal income from the fourth quarter (Q4) of 2007 to the second quarter of 2017, adjusted for inflation.

Connecticut came in last, with 0.6-percent growth since Q4 2007. Connecticut was one of nine states to have less than one-percent growth since Q4 2007.

Connecticut was also one of only ten states with a negative growth rate over the last year (-0.6 percent).

More bad news for Connecticut in Pew’s study:

It’s clear from this Pew study that Connecticut’s fiscal situation is dire.