Unleash Prosperity Hotline
1) Record High Income and Low Poverty in 2019
Real median household in 2019 increased $4,379 over 2018, 6.8%. More income growth in one year than in 8 years of Obama-Biden.
That’s the largest one-year increase in median income since the data has been kept. Real median income grew by 7.9% for black Americans, 7.1% for Hispanic Americans, and 10.6% for Asian Americans. All record highs.
The poverty rate fell to a new record low of 10.5% in 2019. Over 4 million people were lifted out of poverty between 2018 and 2019 for a 1.3 percentage point decrease.
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