Kansas personal income grows
A recent spurt of growth of personal income in Kansas is welcome, considering the history of Kansas in this regard. Kansas personal income grew in the quarter ending in June, with the Wichita Business Journal reporting "Kansas ranked 14th among states for second-quarter personal income growth." The article also noted "According to data released Tuesday by the Bureau of Economic Analysis, personal income grew by 1.7 percent in the second quarter of 2014, faster than the national growth rate of 1.5 percent." Strong growth in personal income is good. But strong growth is not the norm for Kansas. The nearby…