More than 1 Million Americans entered the Middle Class under President Trump.
Over a Million Households Climbed to Middle Class Under Trump, Census Data Shows
More than 1.2 million American households moved to above $50,000 in annual income between 2016 and 2018, according to Census Bureau data released on Sept. 10, a sign of a growing middle class.
The data is a boon to President Donald Trump, whose platform is centered on a strong economy and promises of increased prosperity.
While in 2016, some 58.5 percent of households enjoyed more than $50,000 in total money income, the share rose to more than 60 percent in 2018. The median household income, meanwhile, rose by nearly 2.3 percent—with all figures adjusted for inflation.
The comparison isn’t quite apples-to-apples since the bureau implemented a new methodology in its latest report that somewhat influenced the results for both 2018 and 2017.
Still, the data bears out a middle-class expansion unseen since the 1960s. Nearly 30 percent of households pulled in between $50,000 and $99,999 in 2018. That’s up from less than 29 percent the year before—the fastest increase since 1968.
Whether the Democrats want to admit it or not the Trump economy is helping everyday Americans. The amazing part of all this is the fact that President Trump’s entire economic agenda isn’t even close to being completed. We are still in the midst of trade wars and his immigration agenda(which is another key aspect of raising people up to the Middle Class) has been stalled by Democrats and establishment Republicans.
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