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Rise in Texas personal
income beats U.S. average

Houston Chronicle, by L.M. Sixel

Original Article

Posted By:JoniTx, 12/19/2012 2:35:05 PM

Personal income grew faster in Texas than the national average during the third quarter, the U.S. Bureau of Economic Analysis reported Wednesday. The state´s total personal income grew 0.8 percent from the second to the third quarter compared to 0.5 percent nationally. Personal income is the sum of all income sources including wages, property and transfer payments such as Social Security, food stamps and unemployment benefits. Texas´ income growth rate was seventh in the nation during the third quarter, according to the bureau. North Dakota´s was highest at 1.4 percent, while neighboring South Dakota´s dropped by 1.6 percent,

  

Post Reply  

Reply 1 - Posted by: StormCnter, 12/19/2012 2:37:26 PM     (No. 9074745)

And that is with natural gas prices in the cellar. If those were higher, small producers would be doing very well.


Reply 2 - Posted by: oh-heck, 12/19/2012 2:42:26 PM     (No. 9074755)

One of the reasons that natural gas prices are in the cellar is that it is co-produced with oil from tight oil formations. Tight oil formations have allowed TX to double its oil production from 1 million to 2 million barrels per day. They´ve pretty much quit drilling for dry natural gas, but will take it when it comes with the oil.


   

 

  


 
Reply 3 - Posted by: msctex1, 12/19/2012 2:46:55 PM     (No. 9074763)

Let´s also keep in mind we are doing much to keep another entire country above water. Remove the drain from Mexico, and where might we be?


Reply 4 - Posted by: Japanorama, 12/19/2012 4:03:07 PM     (No. 9074898)

OK, I´ll be the first to say it:
The South will rise again.


Reply 5 - Posted by: WAN2, 12/19/2012 4:35:10 PM     (No. 9074966)

Texans! Craven capitalists! For Texas to do well means another state must suffer, don´t you know?


Reply 6 - Posted by: droopydog, 12/19/2012 5:11:59 PM     (No. 9075001)

Hmm, we´d better do something about that.


Reply 7 - Posted by: sternben, 12/19/2012 5:39:31 PM     (No. 9075045)

They´re probably stealing it from Massatwoschitz.


   

 

  


 
Reply 8 - Posted by: Thos Weatherby, 12/19/2012 7:03:54 PM     (No. 9075153)

Damn those Republicans in Texas. Time to celebrate with a Whataburger.


Reply 9 - Posted by: LouD, 12/19/2012 7:32:11 PM     (No. 9075176)

Social Security, food stamps and unemployment benefits, don´t do much toward a rise in personal income. But hard work and low taxes can lead to that rise. If I wasn´t so old, it would be "Texas, here I come"!


Reply 10 - Posted by: chance_232, 12/19/2012 7:39:17 PM     (No. 9075181)

My "pay raise" will be gone once SSI with holdings go back to normal. Once all the other Obama surprises kick in, I´ll be back to balancing mortgage payments with groceries.


Reply 11 - Posted by: Penney, 12/19/2012 8:19:51 PM     (No. 9075233)

Eagle Ford is changing So. Texas forever. ...Ya GOTTA love TEXAS!!!


Reply 12 - Posted by: Trigger2, 12/20/2012 4:41:44 AM     (No. 9075580)

Oh, oh. Don´t let Barry or the demonrats know or they´ll confiscate all of it.


   

 



 

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