5. Middle-class income
Middle-class households were hit hard during the Great Recession. For years, their incomes remained lower than in the late 1990s, once the cost of living was taken into account. While incomes rose the most during the final two years of *****’s term, median household income did not officially equal its 1999 level until 2018, according to the U.S. Census.
Economists generally credit ***** with getting the recovery solidly underway and Trump with keeping it going until the pandemic recession. The steady job and pay gains in recent years have been the biggest drivers of rising middle-class incomes.
6. U.S. stock market
One of Trump’s favorite indicators is the U.S. stock market. Even with the deep blow of the pandemic that caused a 30 percent drop in stocks in March, the market has come roaring back this summer. The Standard & Poor’s 500-stock index recently surpassed its pre-pandemic record level such as Apple, Facebook, Amazon, Netflix, Microsoft and Google’s parent, Alphabet. The index has fallen some in the past week.
Many economists are quick to point out the stock market is not the economy. Analysts also note that stocks gained than Trump’s. But that comes with a caveat: Stocks began *****’s presidency in a deep slump from the financial crisis and then began an epic rebound a few weeks into his presidency. The market was already high when Trump took office and has climbed higher since then. Though ***** had better market gains, both presidents have been good for Wall Street.
Middle-class households were hit hard during the Great Recession. For years, their incomes remained lower than in the late 1990s, once the cost of living was taken into account. While incomes rose the most during the final two years of *****’s term, median household income did not officially equal its 1999 level until 2018, according to the U.S. Census.
Economists generally credit ***** with getting the recovery solidly underway and Trump with keeping it going until the pandemic recession. The steady job and pay gains in recent years have been the biggest drivers of rising middle-class incomes.
6. U.S. stock market
One of Trump’s favorite indicators is the U.S. stock market. Even with the deep blow of the pandemic that caused a 30 percent drop in stocks in March, the market has come roaring back this summer. The Standard & Poor’s 500-stock index recently surpassed its pre-pandemic record level such as Apple, Facebook, Amazon, Netflix, Microsoft and Google’s parent, Alphabet. The index has fallen some in the past week.
Many economists are quick to point out the stock market is not the economy. Analysts also note that stocks gained than Trump’s. But that comes with a caveat: Stocks began *****’s presidency in a deep slump from the financial crisis and then began an epic rebound a few weeks into his presidency. The market was already high when Trump took office and has climbed higher since then. Though ***** had better market gains, both presidents have been good for Wall Street.
Larry the boss
Comment