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Moving Delaware Out of the Economic Doldrums

David. T. Stevenson, Policy Director | 12/30/2018

Executive Summary
 
Why do we care about a growing economy?  The basic answer is faster growing economies lead to higher incomes making everyone a little richer, especially reducing poverty rates and unemployment rates.  The Delaware economy actually fell a half percent a year between 2007 and 2015, and ranks 43rd in growth.  Real Median Household Income is down an astounding $12,000 a year from 2000 to 2016, leaving Delaware dead last among the fifty states for that time period when energy and regulatory policies began to shift in the state.  Delaware placed 49th in employment growth in 2017.  States’ with faster growing economies also recovered from the recession faster, in fact five of the ten fastest growing states did not experience a recession...BECOME A CRI MEMBER TODAY TO ACCESS THE FULL REPORT!




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