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Disposable Income for Vermont Residents Falls Below the U.S. Average

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Disposable Income for Vermont Residents Falls Below the U.S. Average


After a tumultuous year marked by high interest rates, inflation, and multiple rounds of layoffs, many economists had pessimistic forecasts for 2023, some all but guaranteeing a recession. Despite interest rates reaching a 22-year high at the end of 2023, the U.S. economy defied expectations and continued to grow. According to the Bureau of Economic Analysis, consumer spending was a significant factor driving economic growth, reporting a 4.2% increase in disposable income in the U.S. in the fourth quarter of 2023.

While retail spending continues to show strength, rising costs are beginning to take their toll. Although disposable income—or the income remaining after taxes—showed an overall increase in 2023, the personal savings rate—or the percentage of disposable income saved—decreased overall, indicating that Americans are spending more and saving less.

Change in the Personal Savings Rate and Inflation Rate Over Time

The personal savings dropped below historic norms as inflation remains persistently elevated

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Source: Captain Experiences analysis of data from the Bureau of Economic Analysis and U.S. Bureau of Labor Statistics | Image Credit: Captain Experiences

Personal savings reached record highs during the early months of the COVID-19 pandemic, as Americans curbed spending while government programs provided additional financial support. However, as the economy reopened, a combination of pent-up consumer demand, supply chain issues, and labor shortages sent prices soaring. As Americans struggled to keep pace with rising costs, personal savings dropped sharply. Between April of 2020 and June of 2022, the personal savings rate dropped by more than 29 percentage points to a low of just 2.7%.

While rapidly rising interest rates have since helped tamp down inflation, personal savings still haven’t rebounded to pre-pandemic levels, highlighting the long-lasting impact of inflated costs and current spending habits.

Self-Estimated Minimum Family Income Requirement Changes Over Time

After inflation set in, the American perception of affordability has shifted

Source: Captain Experiences analysis of Gallup Poll Social Series data | Image Credit: Captain Experiences

Despite a strong job market and low unemployment rate, Americans are still struggling to keep up with the rising cost of living. In the past decade, Americans’ opinions around affordability have changed dramatically, with many feeling like they need to earn significantly more than previous years to live comfortably. In 2013, more than two-thirds of Americans estimated they could support a family of four with an annual household income of $75,000 or less. By 2023, less than half of Americans agreed. In fact, 30% of Americans estimate $100,000 to be the minimum income requirement to comfortably raise a family of four in 2023, compared to just 10% in 2013.

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Disposable Income for Vermont Residents Falls Below the U.S. Average

Changes in Household Spending From a Year Ago

While households increased their spending on recreation and health from last year, they cut back on dining out and foreign travel

Source: Captain Experiences analysis of Bureau of Economic Analysis data | Image Credit: Captain Experiences

As disposable income and personal savings rates changed in the U.S., so did household spending habits. Priorities shifted, with foreign travel and dining out taking a backseat to spending on recreational activities and health. Compared to a year ago, spending on recreation increased 5.9% in Q3 2023, while health spending increased by 5.4% when adjusted for inflation. In the same timeframe, spending on foreign travel decreased by 7.6%, while expenses reserved for dining out decreased 0.4%. Along with recreation and health, spending on transportation also rose by 3.1%.

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In the U.S., disposable income varies geographically. Since many factors like the local cost of living and interest rates can affect an individual’s disposable income, residents in certain parts of the country fare better than others. Many states in the Great Plains region—known for a lower cost of living than average—have high levels of disposable income. Five out of the top six states are located in this region, led by North Dakota with a cost-of-living adjusted, after-tax income of $71,444 per capita. On the other hand, Hawaii ranks last with an adjusted after-tax income per capita of only $47,894. Select areas of the Deep South, like Mississippi and Georgia, also have some of the lowest levels of disposable income in the country.

This analysis was conducted by researchers at Captain Experiences using data from the Bureau of Economic Analysis. Researchers ranked states according to the per capita after-tax income after adjusting for the cost of living.

Here is a summary of the data for Vermont:

  • After-tax income per capita (adjusted): $54,327
  • After-tax income per capita: $54,922
  • Before-tax income per capita: $63,039
  • Personal taxes paid per capita: $8,117
  • Cost of living (compared to average): +1.1%

For reference, here are the statistics for the entire United States:

  • After-tax income per capita (adjusted): $56,062
  • After-tax income per capita: $56,062
  • Before-tax income per capita: $65,470
  • Personal taxes paid per capita: $9,408
  • Cost of living (compared to average): N/A

For more information, a detailed methodology, and complete results, see States With the Least Disposable Income on Captain Experiences.



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Vermont

Commentary | Afonso-Rojas: Who pays when businesses ignore risks?

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Commentary | Afonso-Rojas: Who pays when businesses ignore risks?


In 2024, when Vermont passed the nation’s first Climate Superfund law (Act 47), it did something unusual; it sent a bill. After catastrophic flooding that turned roads into rivers, damaged homes and businesses, and strained public budgets, our little green state moved to require major fossil fuel companies, such as ExxonMobil, Chevron, Shell USA, and BP America, to help pay for the costs of climate damage. It was a striking moment for policy innovation and corporate accountability. Implicit in the law is a simple idea: these costs were predictable, and someone chose not to plan for them.

For community members across Vermont, and in similar towns nationwide, Vermont’s decision is a call to action. When major companies avoid managing environmental risks, local residents pay the price through higher taxes, damaged homes, disrupted livelihoods, and strained public services. “Good” business should mean safeguarding the communities they rely on, not shifting costs onto neighbors and taxpayers. Every time companies ignore these risks, the burden lands on local taxpayers and community budgets, not just corporate balance sheets.

Thus, community benefit must be proactively built into business models from the start. They must choose prevention over mitigation. Vermont’s Climate Superfund law makes clear that when companies fail to invest in local resilience, the burden shifts to taxpayers and neighbors. Too often, companies take from communities without investing in their strength. When disaster strikes, the community pays first, while corporate donations often arrive too late or are motivated more by public relations than genuine support.

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This is inadequate and inefficient, leaving communities vulnerable and weary. Companies that prioritize local hiring, invest in regional supply chains, and partner with community organizations create stronger, more resilient neighborhoods and consumers. Local procurement reduces supply chain disruptions, and partnerships with governments and nonprofits ensure investments address real needs. Embedding community benefit is not charity; it is smart risk management that protects both businesses and residents.

However, purpose without power is empty. Many companies continue to fall into the trap of confusing “purpose” with performance, as mission statements and sustainability pledges have become synonymous with largely symbolic changes. Executives continue to be rewarded for short-term financial gains rather than long-term resilience or community impact. This results in sustainability commitments often being sidelined when they conflict with quarterly targets. If companies are serious about sustainability, they must collaborate, employ, and invest locally to reduce long-term risks and improve communities’ well-being.

Some critics of Act 47 may argue that requiring businesses to invest in sustainability and community resilience imposes unnecessary costs. But these costs do not vanish. When companies fail to manage environmental risks, families pay higher taxes, local governments stretch their budgets, and communities face lasting hardships. Vermont’s Climate Superfund law puts the responsibility back on those who caused the harm, rather than allowing community members to bear the weight.

Addressing these challenges requires companies to work directly with their stakeholders. Multi-stakeholder solutions and collaborations between businesses, governments, NGOs, and labor groups are essential for achieving meaningful impact. For example, working with local governments can improve infrastructure planning, while collaboration with community organizations ensures that projects address real needs. These partnerships transform sustainability from a corporate initiative into a collective effort with broader and more lasting benefits.

Vermont’s Climate Superfund law is, in many ways, a response to communities being left to bear the consequences of unmanaged risks. Companies must embed community benefit into their operations, align incentives with long-term outcomes, and engage in partnerships that extend beyond their own walls. Because when the bill for unmanaged risk comes due, it lands squarely on the community.

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Vi Afonso-Rojas is an Honors student at the University of Rhode Island, double-majoring in Supply Chain Management and Environmental and Natural Resource Economics. The opinions expressed by columnists do not necessarily reflect the views of Vermont News & Media.



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VT Lottery Pick 3, Pick 3 Evening results for May 10, 2026

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Powerball, Mega Millions jackpots: What to know in case you win

Here’s what to know in case you win the Powerball or Mega Millions jackpot.

Just the FAQs, USA TODAY

The Vermont Lottery offers several draw games for those willing to make a bet to win big.

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Those who want to play can enter the MegaBucks and Lucky for Life games as well as the national Powerball and Mega Millions games. Vermont also partners with New Hampshire and Maine for the Tri-State Lottery, which includes the Mega Bucks, Gimme 5 as well as the Pick 3 and Pick 4.

Drawings are held at regular days and times, check the end of this story to see the schedule.

Here’s a look at May 10, 2026, results for each game:

Winning Pick 3 numbers from May 10 drawing

Day: 3-7-1

Evening: 7-1-8

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Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from May 10 drawing

Day: 5-6-1-9

Evening: 1-7-2-0

Check Pick 4 payouts and previous drawings here.

Winning Millionaire for Life numbers from May 10 drawing

01-03-20-35-46, Bonus: 05

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Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

For Vermont Lottery prizes up to $499, winners can claim their prize at any authorized Vermont Lottery retailer or at the Vermont Lottery Headquarters by presenting the signed winning ticket for validation. Prizes between $500 and $5,000 can be claimed at any M&T Bank location in Vermont during the Vermont Lottery Office’s business hours, which are 8a.m.-4p.m. Monday through Friday, except state holidays.

For prizes over $5,000, claims must be made in person at the Vermont Lottery headquarters. In addition to signing your ticket, you will need to bring a government-issued photo ID, and a completed claim form.

All prize claims must be submitted within one year of the drawing date. For more information on prize claims or to download a Vermont Lottery Claim Form, visit the Vermont Lottery’s FAQ page or contact their customer service line at (802) 479-5686.

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Vermont Lottery Headquarters

1311 US Route 302, Suite 100

Barre, VT

05641

When are the Vermont Lottery drawings held?

  • Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
  • Mega Millions: 11 p.m. Tuesday and Friday.
  • Gimme 5: 6:55 p.m. Monday through Friday.
  • Lucky for Life: 10:38 p.m. daily.
  • Pick 3 Day: 1:10 p.m. daily.
  • Pick 4 Day: 1:10 p.m. daily.
  • Pick 3 Evening: 6:55 p.m. daily.
  • Pick 4 Evening: 6:55 p.m. daily.
  • Megabucks: 7:59 p.m. Monday, Wednesday and Saturday.
  • Millionaire for Life: 11:15 p.m. daily

What is Vermont Lottery Second Chance?

Vermont’s 2nd Chance lottery lets players enter eligible non-winning instant scratch tickets into a drawing to win cash and/or other prizes. Players must register through the state’s official Lottery website or app. The drawings are held quarterly or are part of an additional promotion, and are done at Pollard Banknote Limited in Winnipeg, MB, Canada.

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This results page was generated automatically using information from TinBu and a template written and reviewed by a Vermont editor. You can send feedback using this form.



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Vermont State Police investigating suspicious death

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Vermont State Police investigating suspicious death


Vermont State Police are investigating a suspicious death in the eastern part of the state.

The investigation began around 10 a.m. Saturday when police received a report of a dead woman at a property at 48 Douglas Hill Road in Norwich. First responders located a woman dead inside the residence.

State police said their initial investigation indicates the woman’s death occurred under “potentially suspicious circumstances.” Everyone associated with the matter is accounted for, and they said there is no danger to the public.

The victim’s body will be brought to the Chief Medical Examiner’s Office in Burlington for an autopsy to determine cause and manner of death. State police said they will release the woman’s identity following further investigation and notification of family members.

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No further details have been released.

Anyone with information that could assist investigators is being asked to call 802-234-9933 or submit an anonymous tip online at https://vsp.vermont.gov/tipsubmit.



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