View Full Version : Median incomes up $5k under Trump
Jim in CT 11-13-2019, 07:19 AM Pete, i don’t mean to steal your thunder, i’m sure eventually you would have posted this.
Trumps character is deeply, deeply flawed. That is to be balanced, against accomplishments like this.
Higher gross incomes, lower tax rates. good for the middle class.
https://www.heritage.org/markets-and-finance/commentary/trump-economy-really-experiencing-middle-class-boom?utm_source=facebook&utm_medium=social&utm_campaign=thf-fb&fbclid=IwAR2weYt-nlLKTXZxbfEw5GiuRthRkJQU42HGjxZoyYgPatSsOHAVRgOfRm 0
spence 11-13-2019, 07:55 AM Google up, Moore’s study is deeply flawed. He’s looking to get that job.
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Jim in CT 11-13-2019, 08:14 AM Google up, Moore’s study is deeply flawed. He’s looking to get that job.
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read the study. the data comes from the us census bureau.
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Jim in CT 11-13-2019, 08:18 AM Google up, Moore’s study is deeply flawed. He’s looking to get that job.
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spence, let’s examine your economic IQ...
unemployment is at historic lows, meaning there is very little supply of available labor. Spence, what happens to the cost of something, when the supply decreases, when demand is steady or increasing? Does the cost of that something decrease, stay flat, or increase?
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spence 11-13-2019, 09:17 AM read the study. the data comes from the us census bureau.
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The data Moore cited came from a monthly income range survey not intended to be used for income study, it’s an employment question.
Income went up but much, much less than trump is claiming.
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Pete F. 11-13-2019, 09:33 AM The government disagrees with you Jim
It must be a deep state plot
Income:
Median household income was $63,179 in 2018, not statistically different from the 2017 median (Figure 1 and Table A-1).
The 2018 real median income of family households and nonfamily households increased 1.2 percent and 2.4 percent, respectively, between 2017 and 2018 (Figure 1 and Table A-1). This is the fourth consecutive annual increase in median household income for family households.
The 2018 real median income of Asian households increased 4.6 percent from 2017 to $87,194, while the real median incomes of non-Hispanic White ($70,642), Black ($41,361), and Hispanic ($51,450) households were not statistically different from their 2017 medians (Figure 1 and Table A-1).
For householders under the age of 65, real median household income was not statistically different between 2017 and 2018, while real median household income for householders aged 65 and over increased 3.3 percent from 2017 (Figure 1 and Table A-1).
The real median income of households maintained by a native-born person increased 1.4 percent between 2017 and 2018, while the 2018 real median income of households maintained by a foreign-born person was not statistically different from 2017 (Figure 1 and Table A-1).
https://www.census.gov/library/publications/2019/demo/p60-266.html
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Pete F. 11-13-2019, 10:11 AM 🦗🦗🦗🦗🦗🦗
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Duke41 11-13-2019, 07:05 PM Politics turning friends and acquaintance into mortal enemies since 1776.
Jim in CT 11-14-2019, 10:13 AM The government disagrees with you Jim
It must be a deep state plot
Income:
Median household income was $63,179 in 2018, not statistically different from the 2017 median (Figure 1 and Table A-1).
The 2018 real median income of family households and nonfamily households increased 1.2 percent and 2.4 percent, respectively, between 2017 and 2018 (Figure 1 and Table A-1). This is the fourth consecutive annual increase in median household income for family households.
The 2018 real median income of Asian households increased 4.6 percent from 2017 to $87,194, while the real median incomes of non-Hispanic White ($70,642), Black ($41,361), and Hispanic ($51,450) households were not statistically different from their 2017 medians (Figure 1 and Table A-1).
For householders under the age of 65, real median household income was not statistically different between 2017 and 2018, while real median household income for householders aged 65 and over increased 3.3 percent from 2017 (Figure 1 and Table A-1).
The real median income of households maintained by a native-born person increased 1.4 percent between 2017 and 2018, while the 2018 real median income of households maintained by a foreign-born person was not statistically different from 2017 (Figure 1 and Table A-1).
https://www.census.gov/library/publications/2019/demo/p60-266.html
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Pete, sorry i was attending to family stuff.
there’s also government data in the article i posted. you either didnt read it or refuse to believe it, because it doesn’t serve your agenda. you have said here that the national economy is falling apart, despite overwhelming evidence to the contrary.
you blindly cling to everything which supports your agenda ( liberal=good, conservative=bad), and you deny everything that doesn’t fit it.
The article i posted didn’t rely solely on Moore’s conservative opinions and spin. US Census data showed that increase. i’m
try sorry if
you can’t accept that. but some things are true whether one happens to like them or not.
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Pete F. 11-14-2019, 10:59 AM Pete, sorry i was attending to family stuff.
there’s also government data in the article i posted. you either didnt read it or refuse to believe it, because it doesn’t serve your agenda. you have said here that the national economy is falling apart, despite overwhelming evidence to the contrary.
you blindly cling to everything which supports your agenda ( liberal=good, conservative=bad), and you deny everything that doesn’t fit it.
The article i posted didn’t rely solely on Moore’s conservative opinions and spin. US Census data showed that increase. i’m
try sorry if
you can’t accept that. but some things are true whether one happens to like them or not.
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I quoted information directly from the Census Bureau, not a derivation or interpretation of data by a third party.
Floridaman has said that he doesn't care what happens after him, the debt will be someone else's problem.
What that article also does not say is that in order to increase Median income by 5K Trump increased the debt by far more.
I could go to the bank and borrow money and have more cash on hand.
Would I be wise to do that?
Jim in CT 11-14-2019, 12:18 PM I quoted information directly from the Census Bureau, not a derivation or interpretation of data by a third party.
Floridaman has said that he doesn't care what happens after him, the debt will be someone else's problem.
What that article also does not say is that in order to increase Median income by 5K Trump increased the debt by far more.
I could go to the bank and borrow money and have more cash on hand.
Would I be wise to do that?
the article i posted also quoted directly from us census bureau data.
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Pete F. 11-14-2019, 12:36 PM the article i posted also quoted directly from us census bureau data.
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From your article
"In my analysis on these numbers, I have openly admitted these monthly data are a first rough estimate of what is happening with incomes over time -- just as the jobs numbers are. They catch the trends over time."
Jim in CT 11-14-2019, 01:37 PM From your article
"In my analysis on these numbers, I have openly admitted these monthly data are a first rough estimate of what is happening with incomes over time -- just as the jobs numbers are. They catch the trends over time."
Also from the article, I presume you missed this line...
"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.
This hostility to the good news was no doubt triggered by President Trump’s ebullient reaction."
Pete, you are the greatest cherry-picker here. Anything to deny any good news under this administration.
spence 11-14-2019, 01:38 PM https://www.factcheck.org/2019/11/trumps-shaky-5000-boast/
Pete F. 11-14-2019, 02:57 PM Also from the article, I presume you missed this line...
"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.
This hostility to the good news was no doubt triggered by President Trump’s ebullient reaction."
Pete, you are the greatest cherry-picker here. Anything to deny any good news under this administration.
Just picking the rotten cherries from the crate, what Trumplicans think is ebullient is usually puffery at best and sometimes outright lies.
Most everything regarding walls, money and club championships falls in those categories.
I’m still waiting for something to fall in the well thought out and carefully considered category.
So Remember!
Floridaman already gives himself more praise than he deserves.
🍑🤡
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wdmso 11-14-2019, 05:36 PM Jim or anyone else here make 5k more for the same hours worked ? I know i didn't
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scottw 11-15-2019, 02:43 AM Jim or anyone else here make 5k more for the same hours worked ? I know i didn't
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surely you can figure this out....
Jim in CT 11-15-2019, 08:44 AM Jim or anyone else here make 5k more for the same hours worked ? I know i didn't
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so your experience, is necessarily the same as everyone else’s?
that’s some great logic there. “I didn’t get a raise, therefore it’s not possible that anyone else did.”
Wow.
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Jim in CT 11-15-2019, 08:46 AM surely you can figure this out....
if he could, he’s be a republican.
Scott, i didn’t give birth this year, therefore it’s not possible that anyone else did. Because according to some logic, no two people can have different experiences.
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wdmso 11-15-2019, 08:54 AM so your experience, is necessarily the same as everyone else’s?
that’s some great logic there. “I didn’t get a raise, therefore it’s not possible that anyone else did.”
Wow.
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President Donald Trump claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office.
is this Trumps you can keep your doctor lies that outrages so much , because I kept my doctor and not the 5k he says I should have .
Typical household or did you miss that part I am a typical household ... is that a NO or a yes that you made 5k more working normal hours ,,, not counting over time .. or is this to hard to figure out?
wdmso 11-15-2019, 08:56 AM surely you can figure this out....
easy no one has said they did.. :btu:
Jim in CT 11-15-2019, 09:11 AM President Donald Trump claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office.
is this Trumps you can keep your doctor lies that outrages so much , because I kept my doctor and not the 5k he says I should have .
Typical household or did you miss that part I am a typical household ... is that a NO or a yes that you made 5k more working normal hours ,,, not counting over time .. or is this to hard to figure out?
look up “median”.
or read chapter 1 of any economics text ever written. What you will
learn, is that when the demand for something goes up, the cost goes up. When the supply of something goes down, the cost goes up. With a growing economy and very low unemployment, that means the demand for labor is increasing, but the available supply is low. That means the cost of labor ( wages) will increase.
You asked, so I’ll answer. I’m making more than $5k more than i did in 2016. So are many, many people.
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scottw 11-15-2019, 09:17 AM You asked, so I’ll answer. I’m making more than $5k more than i did in 2016. So are many, many people.
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same here....I'm not a union employee whose compensation is tied to some pre-determined formula...sounds like Wayne is expecting a check from the govt. for 5k
Jim in CT 11-15-2019, 03:10 PM President Donald Trump claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office.
is this Trumps you can keep your doctor lies that outrages so much , because I kept my doctor and not the 5k he says I should have .
Typical household or did you miss that part I am a typical household ... is that a NO or a yes that you made 5k more working normal hours ,,, not counting over time .. or is this to hard to figure out?
do you see no difference between these statements?
(1) median income is up $5,000,
and.
(2) 100% of households
saw a $5,000 increase.
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The Dad Fisherman 11-15-2019, 11:28 PM same here....I'm not a union employee whose compensation is tied to some pre-determined formula...sounds like Wayne is expecting a check from the govt. for 5k
Close, about $4500 here
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scottw 11-16-2019, 01:12 AM Close, about $4500 here
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the median income could increase because people had more opportunity to work or improved their situation...
Wayne stated
"President Donald Trump claims that annual income for the typical household is up by an inflation-adjusted $5,000 since he took office."
"anyone else here make 5k more for the same hours worked ? I know i didn't"..
this is fundamentally flawed thinking
annual income for the typical household could go up because people got more hours, worked more overtime, got promotions or better jobs, got second jobs as well as raises...
Wayne, do you think you deserve $5000 more for the same hours worked doing the same work and if so why?
Jim in CT 11-16-2019, 08:20 AM Wayne, do you think you deserve $5000 more for the same hours worked doing the same work and if so why?
great question.
One of the kids working for me is making 10k more than she made last year. Same exact job, same exact resopnsibilities and expectations. My company does regular market surveys on salaries, we realized we were underpayng people at her level, so everyone at that level got a big bump. On of the reasons we can afford to do that, is because we now pay a 21% tax rate instead of 35% we had been paying. Tax cuts help, they just do.
Jim in CT 11-16-2019, 08:21 AM Close, about $4500 here
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all going to college tuition???
wdmso 11-16-2019, 09:06 AM do you see no difference between these statements?
(1) median income is up $5,000,
and.
(2) 100% of households
saw a $5,000 increase.
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Ok define typical house hold
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Jim in CT 11-16-2019, 09:13 AM Ok define typical house hold
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It's "median", Wayne, OK? The data I posted said 'median' household income was up 5K.
Here's how you define median. Say there are 150 million households. You rank all of them based on income increase, and the median is the one halfway down/up. "Median" is the observation for which half of households had a larger increase, half had a lower increase. It's not the same as "average" which will be skewed by those at the top. "Median" is more telling than "average".
I'm sorry that not every single household got the same $5,000 raise. But the fact that you didn't, and some others didn't, means exactly zero. Many, many people got that raise and more.
I can admit Trump is a morally bankrupt scumbag, it would be idiotic to deny that. It's equally astounding to deny that the economy is booming, and that regular Americans are benefitting from the boom. You, Pete, Spence cannot admit that, despite how glaringly obvious it is, because you're too consumed with partisanship.
Try. Making. That. Wrong.
scottw 11-16-2019, 09:14 AM Ok define typical house hold
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you claimed that you were "typical"....so how do you define typical?...if you are working under a union contract you are not "typical" and your income is not tied to the health of the economy and business where the benefits of a good economy are being felt
"between 2017 and 2018, the share of workers represented by a union declined from 11.9 percent to 11.7 percent"
wdmso 11-16-2019, 09:32 AM the median income could increase because people had more opportunity to work or improved their situation...
Wayne, do you think you deserve $5000 more for the same hours worked doing the same work and if so why?
Wow who made any claim of deserving anything..
Tump claimed 5k. Not me
Hell i can to that in overtime in a month
Ive done 30k extra in a year . Being able to work overtime is not sustainable in many businesses. It a temporary bump not something you can put in your budget
It is funny how you and others now believe in Job numbers and other statistical info from the Government. Just saying
And its sad the some feel people shoud be thankfully to have to work more hours or 2nd jobs to get by..
When most people would love 5k extra or see their base wage go from 35 to 40 or 20 to 25 k.. and stay there
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scottw 11-16-2019, 09:35 AM Wow who made any claim of deserving anything..
Tump claimed 5k. Not me
Hell i can to that in overtime in a month
Ive done 30k extra in a year . Being able to work overtime is not sustainable in many businesses. It a temporary bump not something you can put in your budget
It is funny how you and others now believe in Job numbers and other statistical info from the Government. Just saying
And its sad the some feel people shoud be thankfully to have to work more hours or 2nd jobs to get by..
When most people would love 5k extra or see their base wage go from 35 to 40 or 20 to 25 k.. and stay there
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you aren't making any sense
The Dad Fisherman 11-16-2019, 10:43 AM all going to college tuition???
Nope, all done :happy: :happy:
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scottw 11-16-2019, 10:45 AM Nope, all done :happy: :happy:
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I'm headed to USC for Thanksgiving, want me to get you a tee short or koozie?....I think Clemson is in that weekend
The Dad Fisherman 11-16-2019, 10:46 AM you aren't making any sense
Not surprising
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The Dad Fisherman 11-16-2019, 10:47 AM I'm headed to USC for Thanksgiving, want me to get you a tee short or koozie?....I think Clemson is in that weekend
Maybe some craft beer :hihi:
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wdmso 11-16-2019, 11:07 AM you aren't making any sense
That seemw to be your response to anyone whom you dont see eye to eye with..
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scottw 11-16-2019, 11:24 AM That seemw to be your response to anyone whom you dont see eye to eye with..
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not true...you just aren't making any sense
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