The income of American households rose rapidly in 2019 during President Donald Trump’s lower-immigration, higher-growth economy, according to data published Tuesday by the U.S. Census Bureau.
Wages for full-time male employees at the midpoint of the national wage scale grew by an average of 2.1 percent to $57,456. Median full-time female employees gained 2.5 percent, up to $47,299, says the September 15 report, titled “Income and Poverty in the United States: 2019.”
An extra 2.2 million jobs helped to expand the number of people with jobs in each household, so the “median household income increased 6.8 percent to $68,703 between 2018 and 2019,” before the coronavirus crashed the economy in early 2020, the report said.
“It was a pretty banner year for households, and really across the income distribution, we got a lot of eye-popping figures in this release,” David Deull, the top economist at IHS Markit, told the Wall