|Published:||Aug 10, 2010 3:51 PM EDT|
|Updated:||Aug 10, 2010 12:51 PM EDT|
NAPLES, Fla. (AP) - Newly released data from a federal agency shows the southwest Florida community of Naples experiencing the largest drop in personal income among metro areas.
The U.S. Bureau of Economic Analysis report found that personal income in the Naples area shrank by 7.1 percent in 2009, falling from $11.2 billion to $10.1 billion.
Most of the drop can be attributed to a decline in earnings from dividends, interest and rent.
Income from unemployment, Social Security checks, Medicare and other payments rose.
Nationwide, personal income declined in most metro areas, falling 1.8 percent in 2009. Some areas also saw an increase, including Jacksonville, N.C., where personal income rose 14 percent.
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