Sorry Dems, The Economic News From the Census Bureau Is Very Good

via RealClear Market by Aaron Brown

Between 2017 and 2018:

·      Real median family income up 1.2%

·      Real median earnings up 3.4%

·      Full-time, year-round workers up 2.3 million

·      Poverty rate down from 12.3% to 11.8%; childhood poverty fell faster; net 1.4 million people left poverty

·      Income in the bottom 80% of household

Income in the bottom 80% of households was up significantly, only the top 20% of households saw an income decline, as a result, the Gini coefficient (a measure of income inequality, higher numbers mean more inequality) fell from 0.489 to 0.486

·      Usually when the Gini index falls, incomes go down for everyone; it’s been 20 years since we’ve seen this big a decline in the Gini index when incomes went up

The complete story here > The Economic News From the Census Bureau Is Very Good

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