healthmyths
Platinum Member
- Sep 19, 2011
- 29,029
- 10,519
- 900
- Thread starter
- #41
It works great for the rich. How about those stagnant wages?
What kind of annual growth in wages would be acceptable for you?
Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829
Multiply 0.4% times 12 months: 5% increase in the median household income or at the end of 2018 of 61,889 equals $2,834 INCREASE.
Now since that estimate in Jan. 2018 the actual median has grown at an average of 0.77% which is nearly double.
According to Sentier Research, median household income in the United States rose to $62,685 in August 2018, which is an average /month of 0.77%!
https://seekingalpha.com/article/4209310-august-2018-median-household-income
At that rate then the end of 2018 will see median household income of $64,500 a 9.22% gain.
Now is that "trickle down"??? Of course it is!
9.22% is a higher rate than interest on CDs pay.