Posted on 09/20/2012 5:27:19 AM PDT by SeekAndFind
The Washington region has emerged from the recession looking even more affluent compared with the rest of the country, boasting seven of the 10 counties with the highest household incomes in the nation, new census numbers show.
With a median household income surpassing $119,000, Loudoun County heads the list. Fairfax County, at nearly $106,000, is second. Both have held the same positions for several years running.
More surprising, Arlington County leapfrogged from the fifth spot to third, with a median household income of almost $101,000, a $6,000 gain in one year. Four in 10 households in the county are single person, leaving Arlington with a relatively small share of residents whose affluence comes from two incomes, compared with Loudoun and Fairfax.
Other counties in the top 10 are Howard, Prince William, Fauquier and Montgomery, which had dropped out of it in 2010. Among states, Maryland has the nation’s highest household income level, and Virginia is ninth.
The rankings in the 2011 American Community Survey released Thursday expand Washington’s dominance among high-income households, reflecting a regional economy that was largely cushioned as the recession yanked down income levels elsewhere. Household incomes rose in most counties around Washington last year, even as they continued to sink around the country.
The stability of an economy built on the pillars of the federal government, its legions of contractors and a flourishing high-tech sector is evident in the income rankings.
In 2007, before the recession began, five counties in suburban Washington made it into the top 10. By 2010, there were six. The seven in the latest ranking is an all-time high.
“It’s not only that we have low unemployment and a lot of dual-income households,” said Stephen Fuller, director of the Center for Regional Analysis at George Mason University.
(Excerpt) Read more at washingtonpost.com ...
The bubble did burst here, but I continue to be amazed at the amount of building of $500,000 homes going on in Loudoun County. We know most of the country is hurting, and I hate the idea that the federal tax dollars of the whole country are being concentrated here. The Democrat motto seems to be “Come to DC to get yours.” It reminds me that Ted Kennedy’s spending was one of the few things to prop up Massachusetts over the past decades.
I was recently at a briefing at the HQ of a government agency. The briefer said that 87,000 people had applied for entry level jobs with the Agency.
And we are all very proud of you for doing so. Killing hostile and violent Foreigners is a Constitutional duty of the Federal Government.
Too bad the Obama administration sucks at it.
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=528809
For those who remember the old Soviet Union, it was a grim place — at least for average citizens. But not so for those in government. Contrary to the official ideals of equality and a classless society that the ruling communist regime espoused, the USSR created a privileged class of party members inside government — the nomenklatura.
This semipermanent bureaucracy earned higher incomes, got better health care, ate better food and had greater job security than average Russians, the much-despised proletarians. Today, our bloated government seems, in significant ways, to be creating this same dynamic.
All us private sector folks can sell our foreclosure homes and move into an apartment so the public sector can get a raise, ,retire at 55 with 80% of their highest salary, and move into our old homes. They'll have their new Gubmint Motors cars and everyone not working for the gubmint will be riding public transit.
Yes ..their only aim is to make the natives serve the master..true slavery.
Pres. Washington warned us in his farewell address that the “spirit of party” would lead to a Permanent Ruling Aristocracy made up of party hacks and politically connected Washington insiders. He said allowing the “spirit of party” to dominate our elections would destroy our republic. His long range vision was exceptional.
Democracy should mean all elections are non-partisan.
Front row seat to those FEEDING at the trough.
And their candidate is RomneyHillary. These, and their financial creators of false collateral enablers.
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