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Valued Social Butterfly
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Re: Middle-class incomes surging

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@gruffstuff wrote:

Middle-class incomes surging

 

In 2008 median household income was 51,832.

 

In 2018 it was  62,175.

 

Adjusted for inflation 51,832 in 2008 would be 61,764 in 2018.

 

Median household income has barely kept up with inflation.

 

On a longer scale

 

Real Mean Incomes

 

Middle class income has barely moved in 51 years 

 

These numbers are deceiving though, education, health care,  housing,  and energy,  far outpace inflation numbers and are excluded in the calculations

 

People feel like they're struggling because they are. . 

 

One more tax cut for billionaires should fix everything, for the billionaires. 

 

If the middle class wants to see incomes rise they have to push left. 

 


Thank you for this bigger picture that shows how stagnant wages have really been for the middle class and below. Debunking extreme right wing claims has bsecome a full-time job.


"The only thing man learns from history is man learns nothing from history"
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Valued Social Butterfly
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Re: Middle-class incomes surging

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@gruffstuff wrote:

Middle-class incomes surging

 

In 2008 median household income was 51,832.

 

In 2018 it was  62,175.

 

Adjusted for inflation 51,832 in 2008 would be 61,764 in 2018.

 

Median household income has barely kept up with inflation.

 

On a longer scale

 

Real Mean Incomes

 

Middle class income has barely moved in 51 years 

 

These numbers are deceiving though, education, health care,  housing,  and energy,  far outpace inflation numbers and are excluded in the calculations

 

People feel like they're struggling because they are. . 

 

One more tax cut for billionaires should fix everything, for the billionaires. 

 

If the middle class wants to see incomes rise they have to push left. 

 


It's worse.

 

Middle Class people (income from 2/3ds to double the median) have been falling BACK because their lives operate on a slightly different set of considerations than are included in the CPI indicies. Most notibly, higher education is a greater concern for the Middle Class than the top or bottom - the top just write the check, the bottom gave up on anything but a sports scholarship, and those costs are WAY up - over 70% in the last decade.

 

The other factor driving the real Middle Class incomes down is child care. By ending after school programs, Republicans elated their base who think its all inner city (read: not white) basketball, but for families with two working parents, childcare reduces that "second income" by nearly $7.00/hour PER CHILD.

 

Elected Republicans follow instructions from the GOPerLords and their objective is to make the bottom 90% totally dependant on their employers for EVERYTHING - food, shelter, health care, education and retirement. To do that, they gut Government programs that provide a 'safety net" for those essential services while cutting taxes on the Oligarchs.

 

Wake up GOPers - Your joy at seeing tRump do harm to poor borwn people is distracting you from the fact he's doing it to YOU as well!

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Treasured Social Butterfly
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Re: Middle-class incomes surging

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Message 3 of 13

The were many people who voted for Trump because they were dissatisfied with their economic situation. Now Trump is doing what Obama and Hillary did - throw out some good economic numbers. The question is 'has Trump turned the economy around?' 

 

The "booming" US economy:


• 34 million don't have health insurance.

• More than 75% live paycheck to paycheck.
• 42% have less than $10,000 saved for retirement.
• There are 585 billionaires, 45 million living in poverty.
• The 3 richest people have more wealth than 164 million.

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Valued Social Butterfly
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Re: Middle-class incomes surging

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Message 4 of 13

Middle-class incomes surging

 

In 2008 median household income was 51,832.

 

In 2018 it was  62,175.

 

Adjusted for inflation 51,832 in 2008 would be 61,764 in 2018.

 

Median household income has barely kept up with inflation.

 

On a longer scale

 

Real Mean Incomes

 

Middle class income has barely moved in 51 years 

 

These numbers are deceiving though, education, health care,  housing,  and energy,  far outpace inflation numbers and are excluded in the calculations

 

People feel like they're struggling because they are. . 

 

One more tax cut for billionaires should fix everything, for the billionaires. 

 

If the middle class wants to see incomes rise they have to push left. 

 

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Treasured Social Butterfly
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Re: Middle-class incomes surging

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Message 5 of 13

@jfpinlvn wrote:

@Tom5678 wrote:
OMG I don't know where to begin, but when you mentioned Mr. Moore as a "Fox News Contributor", this is where you lose me.

That is called the 'head-in-the-sand' syndrome. Do you have a specific argument with the content of his article?


Other than the fact that it is misleading and tries to give Trump credit for trends happening since the Obama recovery?  I would assume that was enough. 

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Valued Social Butterfly
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Re: Middle-class incomes surging

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Message 6 of 13
and Fox News doesn't deal with anything remotely resembling the truth I will add.
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Valued Social Butterfly
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Message 7 of 13
No, the as you call it " head in the sand" syndrome belongs to those under the influence of the Trump Cult Syndrome, sorry to inform.
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Trusted Social Butterfly
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Re: Middle-class incomes surging

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Message 8 of 13

@williamb39198 wrote:

If these are real, mainstream numbers, why haven’t we heard more about them?

 


Maybe you are not listening. Do you have any data to contradict the numbers?

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Trusted Social Butterfly
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Re: Middle-class incomes surging

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Message 9 of 13

@Tom5678 wrote:
OMG I don't know where to begin, but when you mentioned Mr. Moore as a "Fox News Contributor", this is where you lose me.

That is called the 'head-in-the-sand' syndrome. Do you have a specific argument with the content of his article?

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Treasured Social Butterfly
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Re: Middle-class incomes surging

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Message 10 of 13

Once again, we must look at the actual facts before we listen to the regressives spin on the world. 

 

 

"I suppose President Trump could claim that the upward trend in per capita or median income between 2016 and 2017 was due the policies that his new administration adopted or pursued, in deregulation, taxation, immigration, and trade," said Gary Burtless, an economist at the Brookings Institution. However, he said, "that is not terribly compelling, because incomes had been improving for several years before Mr. Trump took office."

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