Tuesday, August 17, 2010

Military towns enjoy big booms : Pay and benefits drive cities' growth

USA Today reports:
Rapidly rising pay and benefits in the armed forces have lifted many military towns into the ranks of the nation's most affluent communities, a USA TODAY analysis finds.

The hometown of the Marines' Camp Lejeune — Jacksonville, N.C. — soared to the nation's 32nd-highest income per person in 2009 among the 366 U.S. metropolitan areas, according to Bureau of Economic Analysis (BEA) data. In 2000, it had ranked 287th.
There's more:
pay and benefits in the military have grown faster than those in any other part of the economy.
The bull market in government spending moves foreward.