By Mark Perry Following the release on Tuesday of the Census Bureau’s annual report on Income and Poverty in the United States, the majority of media reports painted a pretty gloomy picture of stagnating household income for Americans, here’s a sample:
1. CBS News. “Americans’ income barely inching up despite economic growth“:
Americans’ household income is barely rising despite ongoing economic growth and low unemployment, a sign the typical family is failing to see significant gains from what has been a record-long expansion.
The median household had income of $63,179 in 2018, not statistically different from the 2017 median, the Census Bureau said. On an inflation-adjusted …read more
Source:: Marc Thiessen