Middle-Class Incomes Surge in the Era of Trump

According to Census Bureau data, American middle-class income has surged by $5,000 a year since Donald Trump became president. Looks like Trump has made the middle-class great again.

According to the data, median household income stands at $65,976 – an all-time high and up more than 8 percent in the era of Trump.

The news comes from the Heritage Foundation’s Stephen Moore who had more:

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I reported last week in the Wall Street Journal that real median family income had soared by $4,146 under Trump through July 2019. The just-released August numbers from Sentier show a huge monthly gain of $857 in income per household.

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Trump’s income numbers dwarf those of both our last two presidents.

During George W. Bush’s eight years in office, the middle-class gained a whopping $401.

Obama did better, but only marginally so compared to Trump. During Obama’s two terms, the income numbers rose by $1,043 a year.

Moore had an even more startling way to measure it:

“The contrast is even sharper when measured on a monthly basis. The monthly rise in incomes under Bush was $4. That number was $11 under Obama and $161 under Trump,” Moore wrote.

But there is more and even better news:

These income numbers are PRE-TAX, so they do NOT include the impact of the Trump tax cut. The Heritage Foundation estimates that the average household has saved $1,400 a year on their federal taxes from the 2017 Trump tax cut. This means many working-class families now have a $6,000 higher after-tax, and after-inflation paycheck today.

So, we’ll see how much income rose even more by the 2020 tax season.

I’ll bet you haven’t heard any of this from the media.

Follow Warner Todd Huston on Twitter @warnerthuston.

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