General Category > Economy/Business

Trump Effect: Incomes hit record high and poverty reached record low in 2019

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Free Vulcan:



American households saw their best economic gains in half a century last year under President Trump, according to a report this week from the Census Bureau.

And with the President’s pro-growth, pro-worker policies in action, this standard can be achieved again as America safely reopens from the Coronavirus pandemic.

Median household income grew by a stunning $4,400 in 2019, resulting in an all-time record of $68,700. This 6.8 percent one-year increase is the largest gain on record for median income growth.

The poverty rate plunged to an all-time low of 10.5 percent, as well. Between 2018 and 2019 alone, over 4 million Americans were lifted out of poverty, and the child poverty rate fell to a nearly 50-year low in 2019.

Minority groups including African Americans, Hispanic Americans, and Asian Americans saw the largest gains in income, while poverty rates fell to a record low for every race and ethnic group in 2019.

https://gellerreport.com/2020/09/trump-effect-incomes-hit-record-high-and-poverty-reached-record-low-in-2019.html/

Fishrrman:
That was then.
This is now.
Considering all that's happened this year, who remembers the last one...?

Absalom:
Apparently the Gellar Report is authored by a distant relative of Lutwidge Dodgson
(Lewis Carroll) the lad who who authored "Alice in Wonderland".
Hmm .........obviously they share the same fantasies!!

bigheadfred:

--- Quote from: Absalom on September 16, 2020, 09:59:25 PM ---Apparently the Gellar Report is authored by a distant relative of Lutwidge Dodgson
(Lewis Carroll) the lad who who authored "Alice in Wonderland".
Hmm .........obviously they share the same fantasies!!

--- End quote ---

Everything, in each pov, is the truth.

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