One chart shows the dire state of America's middle class

[Harpy Eagle]

Yes, the prior presidents were indeed not working to help the middle class. Under Trump however the middle class has seen their net wages go up more than the previous 5 presidents combined.

Where the hell did you hear that bullshit?

Was it Rush or Hannity?

Open your eyes clown boi......

"New data from the monthly Current Population Survey (CPS), indicate that median annual household income in July 2019 was $65,084, up $438 or 0.7 percent from June 2019 ($64,646). The median is now 5.4 percent higher than the median of $61,739 in January 2000, the beginning of this statistical series."

https://www.sentierresearch.com/rep...ort_July_2019_08_28_19.pdf?mod=article_inline

Dumb fuck, your time line only goes back 3 presidents, yet you claim it proves something 5 back

thanks for the laugh!

 

[Hutch Starskey]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

You know what will probably fix that is higher taxes and more mandates on not only you but your employer. Statistically speaking the best way to afford better stuff is obviously the government taking more of your money. Because as we all know a dollar spent on government programs is a sure fire way you get two dollars back.

Ah yes back to the good ole fallback of tax breaks for the rich and not a damn thing for the working class. Its working SO WELL!

Because taxing corporations saves you money. They don’t just pass that cost down to the middle class consumer. They just eat it. As a matter of fact if we just charged every business 100% tax rates everything would be free.

So what's it called when consumers pay for the tax cost that is never paid to the govt?

Communism.

Dumbass

 

[BluesLegend]

The Democratic party has royally screwed over the middle class. President Trump is trying to turn that around but Dems keep raising taxes and fees at the state level. Man Democrats are real assholes.

 

[Rambunctious]

We were close to losing the middle class...

 

[westwall]

Yes, the prior presidents were indeed not working to help the middle class. Under Trump however the middle class has seen their net wages go up more than the previous 5 presidents combined.

Where the hell did you hear that bullshit?

Was it Rush or Hannity?

Open your eyes clown boi......

"New data from the monthly Current Population Survey (CPS), indicate that median annual household income in July 2019 was $65,084, up $438 or 0.7 percent from June 2019 ($64,646). The median is now 5.4 percent higher than the median of $61,739 in January 2000, the beginning of this statistical series."

https://www.sentierresearch.com/rep...ort_July_2019_08_28_19.pdf?mod=article_inline

Dumb fuck, your time line only goes back 3 presidents, yet you claim it proves something 5 back

thanks for the laugh!

Well, dumbass, this was only for the last three. Which is a comprehensive crushing. But if you weren't so one dimensional you could go back and look for yourself. The data sources are in the link.

But instead you pout because it's a valid source and not from Fox which blows your pre determined position out of the water.

We get it...you're a partisan hack.

 

[Preacher]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

Drumphf fault
Family women have been entering the work force to make ends meet for decades now
Where ya been ? Gender studies ?

Yall keep telling us we have the greatest economy EVER and yet its not true!

 

[Mac1958]

The demise of the middle class over the last 30-40 years is pretty well-documented.

No one can be surprised at this, and those who mock it don't have the balls to look in the mirror.

Gee, show us where the demise of the middle class is "well documented".

Are you pleased and excited that President Donald Trump has turned that around?

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.

Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

ECONOMY
Record-low black unemployment cheered by black activists
Published 1 month ago on September 9, 2019

[...]

“Love him or hate him, this is an incredible economic accomplishment for the President and a tremendous benefit for American blacks,” said Project 21 member Derryck Green.

Along with a reported third straight month of 3.7 percent overall unemployment, the federal Bureau of Labor Statistics (BLS) August jobs report noted that the overall black unemployment rate fell half-a-percent to 5.5 percent. This is the lowest black unemployment rate ever recorded. BLS began reporting employment statistics by race in 1972. And with overall white unemployment at 3.4 percent, it is also the smallest reported gap between the races ever in terms of joblessness. Until recently, the racial employment disparity between blacks and whites has generally held to a 2-1 margin.

Record-low black unemployment cheered by black activists

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.

The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.

President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

More?

And all of that is obviously not enough. Clearly as the article shows.

They don't care. They ignore that. They ignore the fact that the middle class STILL doesn't have enough spending power to push us beyond 2.1% growth or to push inflation, or that household debt is now over $14 trillion, further indication that the middle class is not in good shape. What matters is the talking points they are given. They have been conned. To hell with reality.

Party over country.
.

 

[Mac1958]

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

Straw man. No one denies anyone the opportunity to succeed or fail on merit. Those who work for wages are paid the value of their labor and if you don't believe you are, get another job.

Ah greed. The rich get to decide what people are worth...how lovely of a system! You people wonder why so many people are going to Sanders.

The socialists should send a huge THANK YOU card to the Right for what it's doing.
.

 

[SAYIT]

Only miscreants and malcontents will deny this fact.

or folks w/1/2 a brain.

Which is precisely the problem with those who believe they have a "God-Given Right" to the fruit of other's labor … they are operating on 1/2 a brain (or less).

 

[SAYIT]

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

Just thinking. What are you paying them to do and what does that add to the economy?

Sayit, I don’t get your funny. What are these people doing and how much should they be paid? Tell me what wage they deserve.

They should be and are paid what their skills command. I was chuckling because you had to explain to Preacher a concept so simple and perfectly intuitive as supply & demand that all a rational adult can do is laugh at the bitter, petulant insipidness of any socialist:

Their lament: "hey, you have more than me … gimme some."

 

[SAYIT]

Ah yes that's right let's PROVE you don't give a shit about the middle class. Ah Trump Cultists are just as bad as Obama Cultists. Their god can do NO WRONG in their eyes.

U.S. Economic Confidence at Highest Point Since 2000

4 months after it was this high the last time we had a recession start!

I'm a 45 year veteran of the real estate industry, a Realtor. Six months prior to that I had been advising all my clients to sell anything they had, rent, sit back and wait for the bottom.

i hope they listened

As you expected, a few did, most did not. One that did not, told me I was crazy and bought more, committed suicide.

I take it you mean the "Great Recession of 2007" (sounds better) by which time I had spent 10 yrs developing and yeah, I was stuck with non-performing props for over a decade and didn't get a dime in relief. Taxes and maintenance alone cost me over $1mil. It was to be my last development and I too saw the storm forming in 2006 when banks started pulling back but thought I'd be done with it by the time rains came.

Socialists never consider the price many pay - including suicide - to pursue their dreams, and the twits often cheer when things don't go well for risk-takers. Envy is the fuel of socialism.

 

[imawhosure]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

Damn, does that mean they should stay married? I know, novel concept-) And where is the wifes income in that story, or are you suggesting that wives have no financial value?

 

[SAYIT]

Your simplistic agit-prop lacks both context and credible support. You only seem to know that others won and you didn't and that you are angry & bitter, and filled with hate & jealousy. The fact that Spaskey found you silliness worthy of a "WINNER" would tell a rational adult that he or she is barking up the wrong tree.

 

[SAYIT]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

You know what will probably fix that is higher taxes and more mandates on not only you but your employer. Statistically speaking the best way to afford better stuff is obviously the government taking more of your money. Because as we all know a dollar spent on government programs is a sure fire way you get two dollars back.

Ah yes back to the good ole fallback of tax breaks for the rich and not a damn thing for the working class. Its working SO WELL!

Because taxing corporations saves you money. They don’t just pass that cost down to the middle class consumer. They just eat it. As a matter of fact if we just charged every business 100% tax rates everything would be free.

Humorous sarcasm is a terrific teacher but the very socialists who so desperately need lessons in reality just don't comprehend the meaning. This works better:

 

[SAYIT]

The demise of the middle class over the last 30-40 years is pretty well-documented.

No one can be surprised at this, and those who mock it don't have the balls to look in the mirror.

Gee, show us where the demise of the middle class is "well documented".

Are you pleased and excited that President Donald Trump has turned that around?

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.

Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

ECONOMY
Record-low black unemployment cheered by black activists
Published 1 month ago on September 9, 2019

[...]

“Love him or hate him, this is an incredible economic accomplishment for the President and a tremendous benefit for American blacks,” said Project 21 member Derryck Green.

Along with a reported third straight month of 3.7 percent overall unemployment, the federal Bureau of Labor Statistics (BLS) August jobs report noted that the overall black unemployment rate fell half-a-percent to 5.5 percent. This is the lowest black unemployment rate ever recorded. BLS began reporting employment statistics by race in 1972. And with overall white unemployment at 3.4 percent, it is also the smallest reported gap between the races ever in terms of joblessness. Until recently, the racial employment disparity between blacks and whites has generally held to a 2-1 margin.

Record-low black unemployment cheered by black activists

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.

The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.

President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

More?

And all of that is obviously not enough...

Not enough for whiny, sniveling socialist crybabies but then, nothing ever is.

 

[Harpy Eagle]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

Damn, does that mean they should stay married? I know, novel concept-) And where is the wifes income in that story, or are you suggesting that wives have no financial value?

I think the point of the article is that it has become less viable for one parent to stay home and raise the children as one income does not cover the cost of living in America for most American families

 

[SAYIT]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

Damn, does that mean they should stay married? I know, novel concept-) And where is the wifes income in that story, or are you suggesting that wives have no financial value?

I think the point of the article is that it has become less viable for one parent to stay home and raise the children as one income does not cover the cost of living in America for most American families

Can it be because we've come to want and expect so much more than did our parents (and grandparents) who once found a single income could provide? Why is it socialist laments never include context? Does it frighten y'all?

 

[SAYIT]

Communism.

Dumbass

 

[SAYIT]

We were close to losing the middle class...

We're close to losing way more than that. Many of our best cities (and the State of California) have been perhaps irreparably damaged by decades of Democrat governance.

Decades Of Democratic Rule Ruined Some Of Our Finest Cities | Stock News & Stock Market Analysis - IBD

How Democrats destroyed Baltimore and other American cities, too

https://www.americanthinker.com/articles/2019/02/democrats_are_the_party_of_destruction.html

 

[imawhosure]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

Damn, does that mean they should stay married? I know, novel concept-) And where is the wifes income in that story, or are you suggesting that wives have no financial value?

I think the point of the article is that it has become less viable for one parent to stay home and raise the children as one income does not cover the cost of living in America for most American families

With that, I do not disagree whatsoever. I glanced through some of it after reading your post, trying to discover the impact of housing prices.

REASON--------------->Houses get bigger, and bigger. That is a CHOICE, not a demand; and this happens as families get smaller.

If that is included in cost, I can see why this is happening. A 2500 foot home for 3 people, is a lot! Now far be it from me to deny anyone that choice, but don't buy a 300,000 home, then complain it is hard to make all your bills.