Vermont made some progress this year making the kinds of investments that can move the state forward and create an economy that works for everyone. The 2018 Report Card is based on a set of policy recommendations published in 2016 called “A Framework for Progress: Investing in Vermont’s people, infrastructure, and good government.”

To continue to advance these issues, we compiled this short report card assessing the progress made on each of the recommendations during the 2018 legislative session.

Falling income

Vermont was one of 10 states where median household income fell last year. After adjusting for inflation, median household income dropped 2.4 in 2017. Only Alaska had a bigger decrease. Vermont median household income, after accounting for inflation, was nearly $1,500 less than it was in 2007, before the start of the recession.

Median household income in Vermont, after adjusting for inflation, fell 2.4 percent last year to $57,513, according to new U.S. Census figures released today. It was Vermont’s second decline in two years for this key economic indicator, although the drop in 2016 was negligible. Only Alaska, where median household income fell 6.3 percent, saw a bigger decline than Vermont last year. Median household income rose in 40 states in 2017. Nationally, median household income increased 2.5 percent, again after adjusting for inflation. Half of all households have incomes above the median and half have incomes below. Read more

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