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Personal Income Levels Slump In Wisconsin As Government Aid Fades

Quoted: “I was surprised at the level of the drop,” said Steve Deller, a UW-Madison professor of applied economics. “I would have thought that the second quarter of this year, we would have seen modest growth.”

Deller noted there was “modest growth” in terms of earnings from work, but that was offset by a drop off in “transfer receipts,” a category of income encompassing earnings from non-work sources.