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Author
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Topic: Middle Class Income Above $61,000 For 1st Time
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jwhop
Knowflake Posts: 12049
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted September 12, 2018 12:55 PM
  
Thank you President Trump  Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Heather Long and Jeff Stein
September 12
Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.
http://www.washingtonpost.com/business/2018/09/12/middle-class-income-hit-an-all-time-high-last-year-us-census-says/?noredirect=on&utm_term=.a95e7b309b46
IP: Logged |
StubbornVirgo
Knowflake Posts: 2400
From: Welcome to Mercury
Registered: Jul 2015
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posted September 13, 2018 01:11 AM
It's true. IP: Logged |
Randall
Webmaster Posts: 102795
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted September 13, 2018 06:32 PM
It's hard to argue with results. Capitalism works.IP: Logged |
iQ
Moderator Posts: 5622
From: Lyra
Registered: Apr 2009
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posted September 16, 2018 04:22 AM
Capitalism usually works from one Recession to the next Boom and the Boom to next bust.
If the Fed ensures that Banks do not repeat the mistakes of 2006-2007, then prosperity can continue.
As of now more than 50% of people who lost in the previous recession are still not out of the woords. Home prices of over 200K are still in 5 digits in many districts that collpased in 2008.So economic planners have to be very careful as the times of a "Lull" in bad news give a false sense of security and enable speculators. IP: Logged |
jwhop
Knowflake Posts: 12049
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted September 16, 2018 12:19 PM
"Capitalism usually works from one Recession to the next Boom and the Boom to next bust."Thanks for the admission that Capitalism works...all the time. IP: Logged |
Catalina
Knowflake Posts: 6164
From: shamballa
Registered: Aug 2013
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posted October 21, 2018 02:31 PM
Are we cheering inflation here?
http://www.saving.org/inflation/inflation.php?amount=61,000 IP: Logged |
jwhop
Knowflake Posts: 12049
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 21, 2018 03:39 PM
quote:
Originally posted by Catalina:
Are we cheering inflation here?
http://www.saving.org/inflation/inflation.php?amount=61,000
Please show me where and when I cheered inflation. IP: Logged |
juniperb
Moderator Posts: 11084
From: Blue Star Kachina
Registered: Apr 2009
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posted October 21, 2018 04:28 PM
maybe if one polls cities and suburbia it is... elsewhere, no dice.IP: Logged |
Catalina
Knowflake Posts: 6164
From: shamballa
Registered: Aug 2013
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posted October 21, 2018 07:59 PM
The reason it is higher than in the past is largely due to inflation.. according to the chart and my memory, in the 60s $61k was worth a whole lot more.. for example according to the calculator $61k 1963 dollars would be worth about $500k now. $61k 2018 is worth about $7500 of 1963 money In 1983 $24+k would be the equivalent In 2000, $41k The house my mother sold in 77 for 77k is currently on market for 700k with half the acreage. So..are you celebrating inflation? IP: Logged |
Randall
Webmaster Posts: 102795
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 21, 2018 10:28 PM
To credit an economy on fire with inflation just shows how little you understand capitalism. I wonder how you explain the lowering of poverty.IP: Logged |
iQ
Moderator Posts: 5622
From: Lyra
Registered: Apr 2009
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posted October 22, 2018 12:24 PM
It is not just inflation, deficit has also increased. This is a ticking time bomb once Social Security and Medicaid are cut. Poverty will increase in the long term without decent healthcare.IP: Logged |
jwhop
Knowflake Posts: 12049
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 22, 2018 03:05 PM
"This is a ticking time bomb once Social Security and Medicaid"Who says Social Security and Medicaid is going to be cut? Oh yeah, that's the demorat plan. They already robbed $750 Billion from Medicare to fund the abomination known as Obamacare...and never paid it back to all those Americans who paid into it all their working lives. Now, they're threatening to rob Medicare all over again. The Mafia is more honest than demorats. Obama said:
IF YOU LIKE YOUR DOCTOR, YOU CAN KEEP YOUR DOCTOR.
IF YOU LIKE YOUR INSURANCE PLAN, YOU CAN KEEP YOUR INSURANCE PLAN Lies, nothing but lies from leftist lunatic demorats. "We have to have Obamacare because there's 29 million uninsured Americans" After Obamacare, there was never a day when there were less than 29 million uninsured Americans. Obama and his leftist lunatic fringe demorats wrecked the best health care delivery system the world has ever known...for nothing, no gain, only pain. Enough, throw them all out of office. IP: Logged |
Randall
Webmaster Posts: 102795
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 26, 2018 07:21 PM
Revenues have increased, and we recently had a surplus.IP: Logged |
Catalina
Knowflake Posts: 6164
From: shamballa
Registered: Aug 2013
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posted October 29, 2018 12:58 PM
The deficit is rising, where is this fabled surplus? In unspent but dedicated funds?IP: Logged |
Lindaland
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