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Thread: Trump's Economy: not so good as he thinks

  1. #1
    Join Date
    Dec 2003
    Portland, Oregon

    Default Trump's Economy: not so good as he thinks

    Household incomes grew more slowly in a majority of states under Trump – even before COVID-19

    Even before the U.S. economy was slammed by a pandemic, the typical American household’s income grew at a slower pace in more than half of the states under Donald Trump than in the years leading up to his presidency, according to a new Capital & Main analysis of U.S. Census data.

    Those states include several key battlegrounds, undercutting one of Trump’s central campaign themes: that before COVID-19 his actions led to an economy he has described as "the best it has ever been.”

    Pennsylvania saw its typical household’s income growth slow from 6.2% in Obama’s last three years to 4.7% in Trump’s first three years, while median household income growth in Wisconsin declined from 7.1% to 6%.

    In New Hampshire typical household income growth slowed from 7.2% between 2013 and 2016 to 3.1% from 2016 to 2019, while in Iowa it slowed from 4.5% to 3%.

    Nationally, median family income growth in Trump’s first three years was almost identical to the rate of growth in the three years prior to his presidency, according to one of the two main Census surveys. A second Census survey shows that median household income growth actually slowed in Trump’s first three years to 2.1% annually compared with 2.6% annually during Obama’s last three years.
    David G
    Harbor Woodworks

    "It was a Sunday morning and Goddard gave thanks that there were still places where one could worship in temples not made by human hands." -- L. F. Herreshoff (The Compleat Cruiser)

  2. #2
    Join Date
    Feb 2014
    Kitty Hawk, NC

    Default Re: Trump's Economy: not so good as he thinks

    American Community Survey, Pew, the census bureau. Several sets of data. Several different conclusions.

    They do seems to agree with
    The growth in income in recent decades has tilted to upper-income households.
    Life is complex.

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