Trump economy is really experiencing a middle-class boom -- this data doesn't lie
Fox News, Nov 7, 2019, Steve Moore

I recently wrote op-eds that ran in the Wall Street Journal and on these pages that showed median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years into the Trump presidency. This is tremendous news and documents substantial middle-class prosperity in Trump’s first three years in office.

The $5,003 rise in middle-class incomes is especially impressive given that incomes only rose by $1,200 in the seven years under Obama — after the recession ended.

If the media, liberal think tanks and Democrats in Congress were truly concerned about the economic well-being of “hard-working families,” as Elizabeth Warren likes to say, they would have cheered to the rafters this amazing news of rising incomes for nearly all groups.

Instead, the left has chosen to either ignore this story altogether or to denounce these findings, which come from the gold standard of economic data, the U.S. Census Bureau.

[...]

The income numbers are prima facie evidence that not only the rich, but the majority of middle-income households have benefited financially from the Trump economic boom. This same data also undermines the other riff from the Elizabeth Warren crowd, which is that the Trump economic boom is merely a continuation of the Obama trend. The income gains are four times higher under Trump in less than half the number of years in office.


More: https://www.foxbusiness.com/economy/steve-moore-trump-economy-is-really-experiencing-a-middle-class-boom-this-data-doesnt-lie

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