Wisconsin Families Still Reeling from Recession, New Analysis Shows
Many Wisconsin residents are still feeling the effects of the recession, according to a new county-level analysis released today by the Wisconsin Council on Children and Families.
The income of a typical Wisconsin household is still significantly below what it was in 2008, according to the analysis. In 2012, a typical Wisconsin household had $51,000 in income, compared to $55,600 in 2008. If household incomes had stayed at 2008 levels instead of declining dramatically during the recession, a typical Wisconsin household would have earned an additional $14,700 between 2008 and 2012, compared to what it actually earned.
The WCCF analysis includes 21 county fact sheets that outline how residents of each county are faring with regards to poverty, income, and health insurance coverage. The fact sheets include comparisons to the state and national level, and include recommendations for making investments that will help Wisconsin residents lift themselves out of poverty and get access to health insurance.
The fact sheets offer a number of recommendations for helping to improve the economy and reduce poverty. Those recommendations include boosting the minimum wage, making key investments in early education, adjusting the Homestead tax credit for inflation, and effectively implementing the new insurance options in the federal health care reform law.
You can access the WCCF county fact sheets here.