Power Breakfast: Atlanta incomes hit hard, Delta union votes, Cobb budget, Georgia State law school

As the struggling economy continues to erode jobs and wealth, family incomes in Atlanta are taking a hit across the board, AJC staffer Katie Leslie reports.

In metro Atlanta, new Census data show the top 20 percent of wealthiest households lost nearly $2,000 in 2009 income, dropping to $106,712 from $108,409 in 2007.

At the same time, metro Atlanta’s poorest 20 percent of household incomes dropped from $26,466 in 2007 to $24,562 in 2009, Leslie writes.

Statewide, the top 20 percent of wealthiest households earned $94,323 in 2009, down from $95,286 in 2007, according to the ACS data. Georgia’s poorest household incomes dropped from $25,581 in 2007 to $19,272 in 2009.

Dorsey Farr, an economist with the Buckhead firm French Wolf & Farr, points to the rise in unemployment from 2007 to 2009 as a leading cause for Georgia’s household income declines.

“We did have a fairly large unemployment problem when [the 2009 data] was captured. If your wage goes from any level to zero, the people who are unemployed are going to have a larger percentage decline in income,” he said.

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15 comments Add your comment

Buzz G

September 29th, 2010
7:49 am

How’s that hope and change working for you, folks.

Change it back.

Buzz G

September 29th, 2010
7:54 am

A one trillion dollar federal budget deficit and one point seven trillion dollars new money created by the Federal Reserve and what do we have to show for it? A debt our grand children will be paying off and a nasty future bout of double digit inflation. Get Obama and the Federal Government out of our pockets and off our backs. That will help a lot. The problem is that the Federal Government has passed a bill to fix the financial system that does not even address the biggest problem, the Federal Government itself. Fannie Mae and Freddie Mac have not even been touched.

KA

September 29th, 2010
8:08 am

Furloughs also contribute to the drop in income. State and federal government, school systems, and many private businesses have one day or more a month furloughs.

BUZZ is Bitter

September 29th, 2010
8:31 am

Buzz…GWB allowed the corporate elitists of Wall Street to ship millions of jobs overseas during his watch because he’s part of THE Club! The RICH! So while those CEO’s and Wall Street fatcats eat caviar, the average American is eating beenie weenies. THAT’s why we’re in trouble. Obama has brought change. You’re just too bitter to concede. Dems win in November.

Brad

September 29th, 2010
8:32 am

Different day, same posts.

gsb

September 29th, 2010
8:33 am

Ah, how soon we forget how we got into this mess. And how little we (I’m talking about you, Buzz) have learned about the Republican “all for one, and none for the rest of you” economic policies. Let there be no doubt that the reported income dip is because the Republican leadership of the country let unscrupulous businesses run wild and pillage America. Now that it has blown up in all of our faces, we have you bashing the new administration at every opportunity instead of taking responsibility for the policies that got us here.

songbird

September 29th, 2010
8:36 am

I think Republicans have been running this State for the past 8 years Buzz, where’s the blame for them for Georgia’s problems. I guess Obama is to blame for all of Georgia’s problems and no blame for Sonny, et al. Your comments are idiotic as usual.

Silver Lining

September 29th, 2010
9:18 am

LOL, I love how when stories come out about issues in Georgia, like clockwork some idiot comes out with the standard “Obamas Fault” BS. I guess in North Dakota and the rest of the Mid-West, they have Obama love parades because they are doing great in that part of the country. Just a refresher course for Buzz and the rest of the Party members. The states have the ability to govern themselves, Georgias lack of leadership and financial problems are no more the fault of Obama, than the excellent leadership and financial stability in the Mid West are the result of Obama. Get it? And by the way, I’m not a Dem, liberal, Obama supporter, blah, blah blah… just a realist that doesn’t let the tunnel affect my vision. Okay, now you can continue with your little rants.

Michael

September 29th, 2010
9:26 am

Yeah Buzz, let’s bring back the crooks and thieves who brought this colossal mess down upon us. Sounds like a plan to me, albeit the stupidest plan I’ve ever heard. You sound like one of those twits who whines about things mainly because you’ve suffered personally. You’re not interested in all the other people who are suffering. You just want things to be better for YOU and the rest of the country can just rot. Typical arrogant, mealy mouthed republican.

Michael

September 29th, 2010
9:29 am

Does anyone have any TEA for Buzzy? He seems parched.

Huh?

September 29th, 2010
9:36 am

I thought everyone in Georgia made over $250K?

Righty

September 29th, 2010
9:42 am

You dummy Dems need to go back, beyond your blind hatred for GWB, and thank Clinton for the destruction of jobs in America. Ever heard of NAFTA?

Duh

September 29th, 2010
9:47 am

What about the idiots that continue to move here because GA is still better off for jobs than up North. Why don’t we put the blame where it really belongs. Clinton was the job killer.

Hunter

September 29th, 2010
10:23 am

The idiots that move to GA from up north are indeed idiots. The only people leaving the north are moving for low to mid level positions that pay nothing comparably. The high level paying jobs and highly talented people are not moving to GA and are not leaving the north. The pay is far too low here to justify moving to see the sun 10 more days a year. Look at the personal per capital income levels in the US…Georgia isn’t even on the radar compared to the north. You move to Georgia from the north, lose your job…you are in a world of hurt. Options are limited in GA.

TnGelding

September 30th, 2010
12:46 am

Buzz G

September 29th, 2010
7:49 am

Hope and change had nothing to do with this except for the sore losers taking their ball and going home when he was elected. What patriots! We’d still be in a recession and this blog might not be here if TARP and the stimulus hadn’t been implemented. Since when has the government ever repaid any of its debt? The debt will have to be serviced, however, no small feat.

We consumers killed the jobs by continuing to buy cheap imports over the last 30 years.

The Bush Dynasty’s New World Order (which includes Clinton now) has come home to roost.