Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Trump’s Economy: Lowest Unemployment in 50 Years, Middle Class Income Surging

October 14, 2020 By The Editors

By Steve Schneider ©Richardcyoung.com

Originally posted on October 9, 2019.

In sharp contrast to the media narrative about President Trump’s economic efforts are the data themselves. Stephen Moore explains at Fox News just how strong Trump’s economy is. He writes:

The latest Census Bureau Current Population Survey data now show that middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017. Median household income has now reached $65,976 – an all-time high and up more than 8 percent in 2019 dollars under the Trump presidency.

This data was compiled by the statisticians at Sentier Research, an economic research group whose founders have more than 30 years of experience at the Census Bureau in analyzing the monthly income numbers.

I reported last week in the Wall Street Journal that real median family income had soared by $4,146 under Trump through July 2019. The just-released August numbers from Sentier show a huge monthly gain of $857 in income per household.

These numbers contrast sharply with the 16 years prior to Trump’s presidency. In the eight years that George W. Bush was president, median income barely showed any gain, up just $401 thanks to the deep recession of 2008.

In the seven and a half years that Barack Obama was president, and not including the end of the recession, which Obama inherited, incomes inched up by $1,043 (June 2009 – January 2019). This means that in the 16 years before the Trump presidency, incomes rose by about $1,500 while in less than three years middle incomes have risen three times faster.

In addition to the wage increases being enjoyed by America’s middle class, unemployment has fallen to a 50 year low. Not since 1969 has employment been so strong.

Read more here.

Democrats downplaying Trump’s economic success

Related Posts

  • Income Inequality Declining in the Trump Years
  • Hispanic Household Income Soars in Trump Economy
  • Trump Economy: Lowest Unemployment in 49 Years!
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Vast Manipulation of Mass Opinion in Democratic Society - February 1, 2023
  • The Man Who Tried to Prevent the Challenger Space Shuttle Disaster - January 30, 2023
  • Ukraine Front Lines Increasingly Bloody - January 30, 2023

Dick Young’s Must Reads

  • The Three Best Retirement Decisions I Ever Made
  • The Clock is Ticking: You Must Protect Your Family
  • America’s States Rights Revolution
  • Mises and Rothbard Finally Get Their Due
  • U.S. Survival AR-7
  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities
  • Work to Make Money/Invest to Save Money
  • You Need to Seek Some Shelter for When Things Get Ugly
  • A Look at the Future of Main Street America
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”

Our Most Popular Posts

  • Will Western Tanks Be a Game Changer in Ukraine?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Europe Should Protect Itself
  • “I Will Veto Everything They Send Me”
  • How to Fight Wokism Idiocy
  • US Debt Now Exceeds Annual GDP?
  • The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Pfizer CEO Terrified of Real Questions About His Vaccines

Disclosure

RSS Youngresearch.com

  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many

RSS Yoursurvivalguy.com

  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Your Investment Focus Is the Foundation for Success

SEN. KENNEDY: This Is How to Fix Biden’s Border Disaster

Oh Yes! It Can Get Worse

Reagan’s America Remembered by Your Survival Guy and More

Can Ukraine Be Solved the Way Kennedy Solved the Cuban Missile Crisis?

What If Russia Does Fall Apart?

Don’t Expect Much from the GOP House

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives