Posted on 10/25/2019 11:21:25 AM PDT by yesthatjallen
The latest report from the U.S. Census Bureau puts to rest concerns that the U.S. economy might be heading into recession. It showed not only that the average wage earner is enjoying strong net after-inflation wage gains, but that the vast majority of those gains are being enjoyed by workers in the bottom 80 percent of households. This closes significantly the “income inequality” gap that progressives have been using as a weapon against the president and his economic policies.
After reviewing the report financial author and analyst Aaron Brown called it “very good.” He noted that real median earnings were up 3.4% year over year while the number of full-time, year-round workers jumped by 2.3 million. Said Brown: “2018 worked for everyone. The economy did well, all the real measures of economic well-being were improved … more money, more equality.”
He added: “It’s hard to imagine a better Census report whether your main concern is overall economic growth or how the poor and middle classes are doing, relative to the upper middle class and [the] rich.”
These wage gains are driving the economy forward, especially as the holiday shopping season approaches. Noted National Retail Federation (NRF) president Matthew Shay: “The U.S. economy is continuing to grow and consumer spending is still the primary engine behind that growth.… Consumers are in good financial shape and [as a result] retailers expect a strong holiday season.”
SNIP
(Excerpt) Read more at thenewamerican.com ...
A slight lowering of interest rates would be nice ...
That’s not what the “experts” at cnn said yesterday. Could they somehow be fake news??? Shocking, yes, but possible.
Funny because I had some fellow Canadian on Facebook telling me how horrible things are in the USA. LOL
You don’t say. When people and businesses get to keep more of their own money, they do better. Now, why didn’t we think of this before?
Kids are grown, never see the grands or great grands. Now why would I contribute to people to lazy to see their elderly grandma? Only time I hear from them is if they need something.
I want a new Spine and a Rotator Cuff for Christmas plus the index finger fixed after thumb surgery ruined it.
Begs the question: Which holiday?
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