Michigan’s per capita income moved up two spots in the ranking to number 38 between 2007 and 2008. This after falling from 39th to 40th between 2006 and 2007. After adjusting for inflation, per capita personal income in Michigan has fallen by 1.5 percent over the last 10 years, and 4.4 percent over the last five. Meanwhile, the per capita personal income of the United States increased by 11.8 percent over the last 10 years. Michigan was the only state to witness fairly consistent stagnation and decline over the 10 year period.
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