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Study: Few Midwestern metro areas have equal balance of personal incomes

MILWAUKEE (WTAQ) - All but a handful of Midwest metro areas are mostly rich or mostly poor.

That's according to a new study commissioned by the U.S. Conference of Mayors, which looked at income disparity within the nation's 357 metros.

Milwaukee, Wausau, Fond du Lac, and Racine were among those having equal balances of high and low income households. That means around a-third of families make more than $75,000 a year -- another third makes less than $35,000 -- and the rest are in the middle.

The report also said Fond du Lac had the nation's second-highest percentage of middle-income households. 42 percent of them took in $35 to $75,000 a year.

The major finding of the Mayors' report was that wage levels have yet to recover from the recession, even though the economy regained the jobs that were lost.

The Conference of Mayors said the average wage of jobs lost in the recession was $61,000 a year -- while jobs through June of this year average $47,000, or 23 percent less.

The study said the nation's total income is $93 billion less than it was before the recession hit in 2008.

(Story courtesy of Wheeler News Service)