America's middle class had its highest-earning year ever in 2016, the U.S. Census Bureau reported Tuesday.
Median household income in America was $59,039 last year, surpassing the previous high of $58,655 set in 1999, the Census Bureau said. The figure is adjusted for inflation and is one of the most closely watched indicators of how the middle class is faring financially, as the Census surveys nearly 100,000 homes.
The Census said the uptick in earnings occurred because so many people found full-time jobs — or better-paying jobs — last year.
Let us just say men lie, women lie but numbers don't lie.
The passed eight years, under the stewardship of President Obama, saw the unprecedented upward trajectory of our economy. Without a single finger lifted for support by the obstructionist GOP, the US economy more than recovered from the Bush/Cheney induced recession -- the worst economic downturn since the Great Depression of 1929.
Right-wing lies.
The anxiety, rage and unrest from the alt-right is real. The lie, of course, is the false narrative -- trumpeted by you know who -- that America was economically losing and he was the messiah that could restore her greatness.
To be honest, the fear was rooted in the diversification of Americans. And the election of #45 was a collective white-lash -- fear and resentment against a black president and the prospect of eight more years of a non-white male in the White House.
Numbers don't lie.
Irrefutably, Mr. Obama gifted a strong economy to President Trump. Let's hope he doesn't bankrupt this inheritance like he did (several times) the one his father bequeathed to him.
No comments:
Post a Comment