Monday, March 9, 2020

Under President Trump, income growth has slowed across the U.S.

https://www.newsweek.com/income-growth-slowed-across-us-under-donald-trump-1488871
"New analysis of government data shows that, since Donald Trump took office, inflation-adjusted income growth has slowed significantly across the U.S. All but two states saw a decline in growth of real median household income under Trump – including Pennsylvania, Wisconsin, Michigan, and Florida, four states widely regarded as the key electoral battlegrounds that will likely determine the 2020 presidential election. Middle-class incomes grew at a rate of 2.7 percent from 2016 through 2018, compared to a 5.8 percent growth rate from 2014 through 2016 when accounting for inflation."