Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Elizabeth Warren
  • My Rifles
  • How We Are Different
  • Foundation Principles
  • Your Security
  • The Swiss Way
  • About Us
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Survival Guy
  • Your Health
  • Old Confederacy
  • The American Conservative
  • The Trump Economy

The Middle Class Secret Democrats Don’t Want You to Know

September 30, 2019 By E.J. Smith - Your Survival Guy

Senator Schumer speaks about the importance of equality at the It Gets Better press conference. Photo courtesy of the office of Senator Chris Coons.

Democrats keep attacking President Trump’s economic successes with accusations he’s only helping the rich, but that notion is belied by the data. Stephen Moore explains at The Wall Street Journal, writing:

President Trump’s critics can’t deny that the economy is doing well, so instead they insist all the benefits have gone to the rich and large corporations. “America’s middle class is under attack,” Sen. Elizabeth Warren asserted in her presidential campaign announcement last December.

The latest data from the Census Bureau monthly surveys tell a different story. Real median household income—the amount earned by those in the very middle—hit $65,084 (in 2019 dollars) for the 12 months ending in July. That’s the highest level ever and a gain of $4,144, or 6.8%, since Mr. Trump took office. By comparison, during 7½ years under President Obama—starting from the end of the recession in June 2009 through January 2017—the median household income rose by only about $1,000.

Read more here.

Originally posted on Your Survival Guy.

The following two tabs change content below.
  • Bio
  • Latest Posts

E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • MS-13 in Northern Virginia - December 6, 2019
  • America’s Silent Army with 423M Guns - December 5, 2019
  • Banks Are Selling Your Private Info to Strangers - December 4, 2019

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related Posts

 

Dick Young’s Must Reads

  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • Richard C. Young’s First 2020 Presidential Poll
  • Crushing Viktor Orban Victory Will Derail Soros
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Trump Must Slam the Door on Sub-Saharan Migration
  • Tucker Explains: Put America First, Put its Families First
  • Trump Knows: Free Trade, Open Borders–a Recipe for Ruin
  • TAC, Embracing Old and Conservative Principles
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • You Can’t Help But See the Truth About the Soviet Union in Chernobyl

Our Most Popular Posts

  • How Has Gun Control Worked Elsewhere?
  • Impeachment's "Utterly Preposterous" Washington Witness Testimony
  • Impeachment What Ifs from Victor Davis Hanson
  • Is Your Cash Safe? Probably not This Safe
  • First Responders Say in a Big Disaster: "We're Not Coming"
  • President Trump, Compared to Whom?
  • Virginia Democrats Propose to Confiscate Residents' AR-15s
  • Ex Secretary of Navy vs. the Commander in Chief
  • You Must Find Investments that Fit Your Needs
  • Here's Why You Should Treat Your Disaster Cash like Gold

Disclosure

RSS Youngresearch.com

  • A Tax-Free Savings Plan for Your Grandchild
  • Your Retirement Life: “My life Has Always Been One of Very Good Fortune”
  • Preferred Stock vs. Common Stock: What You Need to Know
  • Vanguard GNMA Outlook 2020
  • Banks Are Selling Your Private Info to Strangers
  • Here’s Why You Should Treat Your Disaster Cash like Gold
  • The Biggest Problem for Warren’s Wealth Tax: The Constitution
  • You Must Find Investments that Fit Your Needs
  • Save Yourself! 92% of Wealthy Danes Want to Pull Their Money from Banks
  • Ginnie Mae (GNMA) Bond Yields

When Will the Democrats Finally Pack It In?

Trump’s Tax Reform Makes America’s Competitiveness Great Again

Is Harvard Square, Cambridge Dead?

MS-13 in Northern Virginia

A Taste for Familiar, Family and Faith in God

Trump Leads US Economy to Longest Expansion in History

Copyright © 2019 | Terms & Conditions | About Us | Dick Young | Archives