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Neighbor News

Minnesota's Economy #1 on NY Times List

The New York Times put Minnesota's economy at the top of its list. But it's not ALL good news.

While reading my standard internet business web sites for news that my clients need to know about on Friday, I stumbed across an article I had to share.

I was shocked to find an article on the strength of the Minnesota economy at the absolute top of the New York Times Business Day web site. I can’t remember when a local Minnesota economy article made it into the highly coveted space.

It is nice to know that many of my clients are operating their business careers in one of the best state economies in the United States.

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On the downside, the article does confirm what I have seen in regard to the loss of 401(k) and home values in the last few years for those working people in Minnesota who can least afford it—those people in the 40-to-60 age group.

Send me back a comment if you have also felt the “double whammy” of currently depressed retirement plan and home values.

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