Median household incomes in the U.S. increased in 2017, marking the 3rd straight year of growth, and the share of Americans living in poverty declined, the Census Bureau reportedhttps://nyti.ms/2CQ6Cxy
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Please stop using the poverty rate as a measure of success. The Federal Poverty Level is $12k for a single person, $25k for a family of 4. So, if you make $26k and you have an unemployed spouse and two kids, you are not considered to be living in poverty! That's BS.
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To consider there are 40million Americans trying to survive living below the poverty level is insane. Let's also please include a realistic number of Americans that struggle, not just those living under an arbitrary statistical guideline (it doesn't even consider where you live)
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How many do we think are living under 3x the poverty level--$36k for an individual, $75k for a family of 4. It is still tough to make ends meet at those numbers in today's economy. I live in mid- to large-American city and couldn't afford to buy a house at $75k--no one could.
End of conversation
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The median income of America's households must sink considerably in the futuire as the ill-fated "post-industrial servives economy" is a blunder (blessed by Economy Nobel Prize laureates). A weird Voodoo economy which is bound to fail. Not Trump's fault. Foreseeable.pic.twitter.com/mwSmCsivg4
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I believe it. I live it.
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WHAT A CROCK
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Lol one tweet earlier you were touting the 3 year increase. Great, so we are back to 2007. ITs 2018!
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Does the data include outliers? The rich have gotten richer, some of them by A LOT. No double just a couple millionaires that became billionaires will skew the data to paint a rosy picture of average income
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so why would you print that it increased? no one I know got any of that "great tax cut!" pennies on a dollar maybe while everything you need to live has increased!
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We need to start measuring the economy by how the average American is doing as opposed to how the billionaires and multi-nationals are doing.
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This is why in supposed strong economic growth those in 99% are still feeling pain Only 1% are feeling this growth while 99% struggle to get by Look at cost of consumer goods in 2017 vs 2007 to quantify their pain

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