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.
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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.
Trumps 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. Trumps 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.
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He has created more than six million jobs since he took office.
In ten minutes, a liberal publication will recycle something on the horrors of inflation.
Don’t worry.
The Democrats will fix that!....................
Democrat party deeply saddened.
Median not Average.
The toe sucker still around?
ROFL!!
Can’t have that happening!!
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.
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!
elderly on pensions are last to see a raise. Right?
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.
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.
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