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Despite pandemic, personal income of San Diegans grew at record rates in 2020

Black Friday shoppers.png
Melissa Mae
Black Friday shoppers outside of the Target in Mira Mesa on November 26, 2021.

It’s hard to find any kind of silver lining in the ongoing grind of living with a world-altering virus.

Recently, however, a glimmer of economic hope has emerged from, of all places, the U.S. Department of Commerce’s Bureau of Economic Analysis.

It found that personal income in San Diego rose at a record rate in 2020, marking the biggest annual increase for the San Diego metro area since the Bureau began keeping track more than 10 years ago.

San Diego Union-Tribune business reporter Philip Molnar joined Midday Edition on Friday to explain what caused the increase and who benefited most from it.