Median household income reaches all-time high: In 2019, median household income shot up 6.8%, the biggest annual increase since at least 1967. To understand how impressive this is, consider that the next biggest increase was 5% in 2015, which came after five years of declines. (When Barack Obama left office, median household income was essentially where it was back in 2000.) From 1967 to 2018, the average annual increase was a mere 0.6%.
Lower-income families gained the most. Despite the endless chants about how President Donald Trump’s policies benefited only the rich, the truth is that lower-income families made the biggest gains in his first three years in office.
The bottom fifth of households saw their incomes climb 10% under Trump. Those in the next fifth saw incomes rise more than 9%.
The top 5% of households saw their share of total income drop.
Not that you’d ever know it from the media blackout, but households have seen the biggest jump in real median income in at least 52 years. The poverty rate is lower than it’s been since at least 1959, the annual Census report on income and poverty shows.
Poverty plunged. From 2017 to 2019, nearly 6 million people escaped poverty, driving the poverty rate down to 10.5% by 2019. That’s lower than it’s been since at least 1959. In fact, since 1959, the poverty rate has averaged 14%. Among blacks, the poverty rate dropped to 18.8%, also the lowest since at least 1959. Among Hispanics, it dropped from 18.3% to 15.7%, the lowest since at least 1972.
Yeah, the latest numbers from the Census Bureau show Trump's economic plans delivered: higher incomes - particularly for lower wage earners, women and minorities, lowest unemployment rates in memory, fewer below poverty rate and much, much more.
Just a few highlights:
And:
And, much, much, much more . . .
And PLEASE don't spew that nonsensical "he inherited it from Obama" trope - that insults our intelligence and causes questions about yours.
Trump inherited the Obama economy which was doing great.
Only if Biden wins. :lamoThis would fall into the category of ... ancient history
Yeah, the latest numbers from the Census Bureau show Trump's economic plans delivered: higher incomes - particularly for lower wage earners, women and minorities, lowest unemployment rates in memory, fewer below poverty rate and much, much more.
Just a few highlights:
And:
And, much, much, much more . . .
And PLEASE don't spew that nonsensical "he inherited it from Obama" trope - that insults our intelligence and causes questions about yours.
And the economy is in the ****ter right now...what is your point?
Yeah, the latest numbers from the Census Bureau show Trump's economic plans delivered: higher incomes - particularly for lower wage earners, women and minorities, lowest unemployment rates in memory, fewer below poverty rate and much, much more.
Just a few highlights:
And:
And, much, much, much more . . .
And PLEASE don't spew that nonsensical "he inherited it from Obama" trope - that insults our intelligence and causes questions about yours.
The same report with the same results has been reported on many other media. Nice try at deflection.Overall, we rate Issues & Insights Right Biased based on story selection and editorial positions that favor a libertarian/conservative perspective. We also rate them Mixed for factual reporting due to the occasional reliance on poor sources as well as two failed fact checks. (D. Van Zandt 8/12/2020)--https://mediabiasfactcheck.com/issues-insights/
Slightly more reliable than FoxNewsChannel?
Now you didn't really think that this president and his administration would be given their due, did you?
Not really. Had our first "shoot the messenger" attempt - unfortunately his foot get in the way.Now you didn't really think that this president and his administration would be given their due, did you?
And the economy is in the ****ter right now...what is your point?
Nope. Obama's last year gasped along at 1.6% GDP growth. Trump's first year he dropped unemployment a full percent. Since than he brought back the manufacturing jobs Obama said were gone for good and saw the stock markets gain 40%. In it's weakened condition it's still employing more people than Obama did through most of his presidency. The linked article makes this a lot clearer.Trump inherited the Obama economy which was doing great.
What the hell is "Inequality.org"? Looks like the author got is economics education at the same place as AOC. :roll
Yeah, the latest numbers from the Census Bureau show Trump's economic plans delivered: higher incomes - particularly for lower wage earners, women and minorities, lowest unemployment rates in memory, fewer below poverty rate and much, much more.
Just a few highlights:
And:
And, much, much, much more . . .
And PLEASE don't spew that nonsensical "he inherited it from Obama" trope - that insults our intelligence and causes questions about yours.
Another bull**** thread claiming Trump, single handily, did all these things and is responsible for the greatness... while his fan club enablers drop in to say the disaster since is everyone else’s fault.
Pathetic yet predictable.
Remarkable. Greatest presidency in the history of the country.*
*From Jan 2017 - December 2019.
“Actually I didn’t downplay it, in many ways, I up-played it, in terms of action.” (But it is all someone else’s fault.)
Nonsense.2019. The last good year in Obama’s run.
Nobody is claiming Trump did it "single-handedly".Another bull**** thread claiming Trump, single handily, did all these things and is responsible for the greatness... while his fan club enablers drop in to say the disaster since is everyone else’s fault.
Pathetic yet predictable.
Weird, ive got a GOP guv, its a ****ty economy here.Thanks to Democrats who refuse to open it up.
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