Sunday, December 22, 2019

The Economy Is Not So Great For Many Americans

Donald Trump likes to brag about what a great economy the U.S. has. He tells us that it is the best economy this country has ever had, and it's due to his actions since assuming office. But he's either living in a dream world, or just lying to make himself look better.

The truth is that the economy is great for some Americans -- the rich. But it's not so great for the middle class, and it's downright terrible for the poor. The GDP is rising (although not nearly as much as Trump promised) and the unemployment rate is low. But most of the benefits of the growing economy is going to the rich. Wages for middle class Americans remain stagnant, and the poor struggle to make ends meet (because too many of the jobs being created are low-wage jobs with few benefits, and don't pay a livable wage).

The survey in the charts below illustrate this sad fact -- that too many Americans are not sharing in the wealth of this country, in spite of being hard-workers. It is the Pew Research Center Survey -- done between September 16th and 29th of a national sample of 6,878 adults, with a 1.6 point margin of error.







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