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Investor Presentaiton

Personal Income Growth, 1st Quarter 2021 State personal income increased at an annual rate of 59.7% in the first quarter of 2021, the second largest quarterly growth on record Nearly all states recorded double-digit growth in personal income - Alabama's personal income growth was 79.3% Transfer receipts increased by $2.3 trillion for the nation in the first quarter of 2021, accounting for almost all the growth in personal income The increase in transfer receipts included the new temporary pandemic relief payments provided by the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act and the American Rescue Plan Act (ARPA) Temporary payments included in these acts: - Direct economic payments Expanded unemployment benefits Paycheck Protection Program loans LO 5
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