Idahoans Had More After-Tax Money in 2012
BOISE, Idaho (AP) — A new study shows the amount of after-tax money available to Idahoans to buy food, clothing, housing and luxury items increased by 3.2 percent in 2012.
The Idaho Department of Labor also reports the buying power of Hispanics jumped 5.9 percent in 2012 compared to the previous year. That increase marks the slowest growth rate for the state’s Hispanic population since the depths of the recession in 2009. The agency’s report is based on estimates prepared by the Selig Center for Economic Growth at the University of Georgia.
Buying power is the after-tax personal income spent on necessities to luxuries like recreational equipment and vacations. Figures show the Hispanic influence on Idaho’s economy ranks 14th among states, trailing New Mexico where Hispanics account for 32 percent of total buying power.