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US Sees Big Jump in Personal Income
Western Journal ^ | 9/16/2019 | Dick Morris

Posted on 09/17/2019 10:36:25 AM PDT by Signalman

Despite media reports that try to minimize our progress, household income in the United States has risen sharply since 2014.

Back then, inflation-adjusted median household income stood at $55,913. In 2018, it was $63,179.

This $7,266 increase amounts to a 13 percent hike in income over the past four years.

Liberal and Democratic contentions that the Trump economy only benefits the wealthy fall flat in the face of the data.

Put this increase in incomes into perspective.

TRENDING: It Sounds Like Lindsey Graham Now Has Some Damning Dirt on Christopher Steele

In the past 20 years, since 1999, median household income (adjusted for inflation) has risen by only 2.7 percent.

So over 20 years, it has risen by less than three percent.

But in the past four years, it has risen by 13 percent!

A spectacular performance.

Trump’s policies are directly responsible for the increase:

– His tax cut has increased the money Americans have to spend and that corporations have to invest in growth.

– He has sliced Chinese imports to the U.S. by at least 10 percent since the tariffs started and negotiated good deals with South Korea, Japan, Canada, Mexico and the European Union.

Up until the recent Yemeni/Iranian raid on Saudi oil production, Trump has been able to hold energy prices down by maximizing American production.

– His border enforcement policies are reducing the flow of cheap labor into our country and permitted a tighter labor market to force wages of low-income workers up.

OP-ED 643 Tweet Email Print Dick Morris: US Sees Big Jump in Personal Income Woman pays cashier with cash.Syda Productions / Shutterstock Woman pays cashier with cash. (Syda Productions / Shutterstock)

By Dick Morris Published September 16, 2019 at 11:12am Share on Facebook Tweet Email Print Despite media reports that try to minimize our progress, household income in the United States has risen sharply since 2014.

Back then, inflation-adjusted median household income stood at $55,913. In 2018, it was $63,179.

This $7,266 increase amounts to a 13 percent hike in income over the past four years.

Liberal and Democratic contentions that the Trump economy only benefits the wealthy fall flat in the face of the data.

Put this increase in incomes into perspective.

TRENDING: It Sounds Like Lindsey Graham Now Has Some Damning Dirt on Christopher Steele

In the past 20 years, since 1999, median household income (adjusted for inflation) has risen by only 2.7 percent.

So over 20 years, it has risen by less than three percent.

But in the past four years, it has risen by 13 percent!

A spectacular performance.

Are you excited about the economy? Yes No Enter your email

Completing this poll entitles you to The Western Journal news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use. Trump’s policies are directly responsible for the increase:

– His tax cut has increased the money Americans have to spend and that corporations have to invest in growth.

– He has sliced Chinese imports to the U.S. by at least 10 percent since the tariffs started and negotiated good deals with South Korea, Japan, Canada, Mexico and the European Union.

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– Up until the recent Yemeni/Iranian raid on Saudi oil production, Trump has been able to hold energy prices down by maximizing American production.

– His border enforcement policies are reducing the flow of cheap labor into our country and permitted a tighter labor market to force wages of low-income workers up.

RELATED: Dick Morris: Lib Recession Warnings Exposed as Fake News

– He has created more than six million jobs since he took office.


TOPICS: Business/Economy
KEYWORDS: dickmorris; economy; income; morris; personalincome; trump; trumpeconomy

1 posted on 09/17/2019 10:36:25 AM PDT by Signalman
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To: Signalman

In ten minutes, a liberal publication will recycle something on the horrors of inflation.


2 posted on 09/17/2019 10:37:12 AM PDT by tbw2
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To: Signalman

Don’t worry.
The Democrats will fix that!....................


3 posted on 09/17/2019 10:37:30 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
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To: Signalman
In the past 20 years, since 1999, median household income (adjusted for inflation) has risen by only 2.7 percent.

THIS is why the electorate got fed-up with the Cheap Labor Express and elected Trump.


4 posted on 09/17/2019 10:43:11 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: Signalman

Democrat party deeply saddened.


5 posted on 09/17/2019 10:44:13 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: Signalman

Median not Average.


6 posted on 09/17/2019 10:44:27 AM PDT by glorgau
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To: glorgau

The toe sucker still around?


7 posted on 09/17/2019 10:57:23 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: Red Badger

ROFL!!

Can’t have that happening!!


8 posted on 09/17/2019 11:03:56 AM PDT by dp0622 (Bad, bad company Till the day I die.)
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To: glorgau
Median not Average.

The median speaks to even better growth for the lower economic classes; it means that there aren't a few ultra-wealthy individuals whose incomes are so astronomical, they skew the average number upward while the lower incomes remain small.

9 posted on 09/17/2019 11:05:39 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: DIRTYSECRET

Morris’ toe sucking babe was from Pittsburgh.

More hilariously, she was from a particular neighborhood where when I was a kid you’d go cruising specifically if you WANTED to meet girls like that!


10 posted on 09/17/2019 11:09:19 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: All

elderly on pensions are last to see a raise. Right?


11 posted on 09/17/2019 1:21:05 PM PDT by Karoo
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To: Signalman

Must be like rabbits under a blanket. You can see it jumping up in some spots but out here on the corners it doesn’t seem to be moving at all.


12 posted on 09/17/2019 4:40:22 PM PDT by gnarledmaw (Hive minded liberals worship leaders, sovereign conservatives elect servants.)
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To: Signalman

In the last two years my income has gone up by 1/3rd. The government takes 4% less of my income in taxes.

The effect for me has been HUGE after several truly awful years under Obama.


13 posted on 09/17/2019 6:20:25 PM PDT by FLT-bird
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