Median incomes up $5k under Trump

[Jim in CT]

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...tSsOHAVRgOfRm0

[spence]

Google up, Moore’s study is deeply flawed. He’s looking to get that job.
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[Jim in CT]

Originally Posted by spence

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]

Originally Posted by spence

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]

Originally Posted by Jim in CT

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.]

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/publi...o/p60-266.html
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[Pete F.]

🦗🦗🦗🦗🦗🦗
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[Duke41]

Politics turning friends and acquaintance into mortal enemies since 1776.

[Jim in CT]

Originally Posted by Pete F.

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/publi...o/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.]

Originally Posted by Jim in CT

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]

Originally Posted by Pete F.

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.]

Originally Posted by Jim in CT

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]

Originally Posted by Pete F.

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]

https://www.factcheck.org/2019/11/tr...ky-5000-boast/

[Pete F.]

Originally Posted by Jim in CT

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]

Jim or anyone else here make 5k more for the same hours worked ? I know i didn't
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[scottw]

Originally Posted by wdmso

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]

Originally Posted by wdmso

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]

Originally Posted by scottw

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]

Originally Posted by Jim in CT

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]

Originally Posted by scottw

surely you can figure this out....

easy no one has said they did..

[Jim in CT]

Originally Posted by wdmso

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]

Originally Posted by Jim in CT

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]

Originally Posted by wdmso

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]

Originally Posted by scottw

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]

Originally Posted by The Dad Fisherman

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]

Originally Posted by scottw

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]

Originally Posted by The Dad Fisherman

Close, about $4500 here
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all going to college tuition???

[wdmso]

Originally Posted by Jim in CT

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]

Originally Posted by wdmso

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.