Middle-class Americans faring better than ever during Trump presidency
Grover Norquist, Fox Business
How are middle-income Americans doing two and a half years after President Trump took office?
Better than ever.
The real median household income — the household income where half of Americans earn more and half earn less, or the dead center — is now at a record high $65,084.
This is an increase of $4,114 in real 2019 dollars since Trump took office.
How does this compare with Barack Obama’s time in office? In the seven and a half years after the recession ended in July 2009, the real median household income increased by the grand total of less than $1,000.
Because the median income rose about $400 in the Bush years and fell roughly $400 in the first six months of Obama — the even more depressing takeaway is that from the first day of George W. Bush’s administration to the last day of Obama’s the median income increased about $1,000.
This explains why voters – particularly middle class voters — were in a sour mood in November 2016. Trump promised to change the policies that up until then led to 16 years of little growth in the average incomes.
These numbers come from the Census Bureau’s monthly surveys and were recently published by Sentier Research.
But it gets better.