Posted on 05/05/2016 3:16:39 PM PDT by LS
Pundits and prognosticators are in a rare mea culpa moment, acknowledging how badly they misjudged Donald Trump as a presidential candidate and apologizing for being so narrow-minded. But they didn’t need to travel to dozens of campaign events or poll hundreds of Iowans to understand Trump’s appeal. All they had to do was understand one single number: $55,191.
That was median household income, adjusted for inflation, in June 2015, the month Trump declared he was running for the Republican presidential nomination. That number is neither good nor bad on its own, but when you compare it with a second number, the problem becomes clear. In January 2000, median household income was $57,371, which means when Trump declared his candidacy, the buying power of the typical family had fallen 4% during the prior 15 years.
This simple chart, courtesy of Sentier Resarch, shows the problem. This is an index of median household income, in today’s dollars, which accounts for inflation and other factors over time. That allows apples-to-apples comparisons between now and then. The red line represents the income index (left scale), while the gray line shows the unemployment rate (right scale).
(Excerpt) Read more at finance.yahoo.com ...
Yeah, I know, there are statistical games you can play with average, median, etc.
The point is-—and everyone knows this-—it is really bad.
Sorry to hear this....although, not one bit surprised with what our country has been through, the past 8 years.
Hopefully, Trump gets in office and starts to turn this mess around...fast!
I agree. And at the same time, 1/5, or 20% of all jobs held in the USA are held by foreigners, non-citizens.
Worse than really bad, it is deliberately treasonous and genocidal.
Maybe this is why Bush I, Bush II, Romney, Ryan, and lots of other anti-Trump people are terrified of a Trump presidency. They look like they are sitting, shaking, and waiting to be arrested.
Wipe the steer’s arse, knock the horns off and throw him on the table.
“Try giving them a $20 bill and a quarter for a charge of $17.25 and watch their heads explode.”
Heh...Heh... that’s one of my favorite games played on a daily basis.
bookmark
excellent link to U6 employment rate
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