Middle-Class Incomes Surging – Thanks to Trump Policies
Oct 10th, 2019
Stephen Moore
Middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017.
These surges in income, have occurred at exactly the time when many liberal economists and media talking heads were shouting “recession.â€
These latest income numbers also squarely contradict the claims by Democratic presidential candidates.
Copied
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.
more
https://www.heritage.org/markets-and-finance/commentary/middle-class-incomes-surging-thanks-trump-policies