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Americans View Trump-Era Economy More Favorably Than Bush or Obama Era

excalibur

Mayor
MAGA


This is pretty big news from Gallup, which has been tracking this data for years.

More Americans feel good about the economy right now than during the entirety of the Obama or Bush years.

Based on Gallup’s polling, this is the highest they can find in their own data and the only data set they can find that is higher is some Rutgers data from the end of the Clinton era.

This is also reflected in President Trump’s job approval rating. The economy is genuinely roaring right now. If it keeps going, this more than anything else could see President Trump get re-elected.​


Americans View Trump-Era Economy More Favorably Than Bush or Obama Era - The Resurgent
 

Constitutional Sheepdog

][][][%er!!!!!!!
MAGA


This is pretty big news from Gallup, which has been tracking this data for years.

More Americans feel good about the economy right now than during the entirety of the Obama or Bush years.

Based on Gallup’s polling, this is the highest they can find in their own data and the only data set they can find that is higher is some Rutgers data from the end of the Clinton era.

This is also reflected in President Trump’s job approval rating. The economy is genuinely roaring right now. If it keeps going, this more than anything else could see President Trump get re-elected.​


Americans View Trump-Era Economy More Favorably Than Bush or Obama Era - The Resurgent
That's one thing the Democrats and the media cannot lie about the economy and how much money a person has in their wallet after payday.
 
The people you know must be idiots to not be able to succeed in this economy.

Wow!
It's almost impossible to believe everyone he knows is SO STUPID they were all, unanimously, unable to profit from one of the best economies in American history! The odds are almost inconceivable!
 

Addy

Rebuild With Biden!
No one I know has more money now than they did 5 years ago. Keep on spinning.
Many reports lately on the lack of funds many Americans would face in a financial emergency...
========
The data varies slightly from study to study, but the story it tells is the same:

https://www.forbes.com/sites/forbesfinancecouncil/2019/04/23/americans-arent-saving-but-whose-fault-is-it/#6551afb440ed


• A 2018 Bankrate survey found that only 39% of Americans have enough savings to cover a $1,000 emergency.

• The Federal Reserve Board’s most recent report on the economic well-being of American households found that 40% of Americans don’t have enough savings to cover a $400 emergency.

• A recent survey from my company, a mobile banking service, found that 45% of Americans have no savings accounts at all.
To answer the “why,” many economists and journalists point to the 20th century cultural shift from saving to financing, and the policies that prompted it. In a 2016 article, The Atlantic theorized that Americans don’t save because it’s so easy to spend, borrow and tap into one’s savings to spend more. More specifically, McArdle cites developments such as credit cards, credit ratings, the government’s involvement in making or guaranteeing housing and tuition loans, and the gutting of usury laws as factors behind the rise in American borrowing. This is all true. But expenses are also higher across most major categories — such as housing, health care, child care, transportation and education — for Gen Xers and millennials.

A recent Stanford study, citing record student debt levels, noted that at age 30 ,the average net worth of someone born in the early 1980s was less than $10,000. Those born in the ’80s are also significantly less likely to own a home at age 30, and those who do have a higher mortgage debt burden. There’s also been no real growth in wages over the past 45 years.
 

Constitutional Sheepdog

][][][%er!!!!!!!
Many reports lately on the lack of funds many Americans would face in a financial emergency...
========
The data varies slightly from study to study, but the story it tells is the same:

https://www.forbes.com/sites/forbesfinancecouncil/2019/04/23/americans-arent-saving-but-whose-fault-is-it/#6551afb440ed


• A 2018 Bankrate survey found that only 39% of Americans have enough savings to cover a $1,000 emergency.

• The Federal Reserve Board’s most recent report on the economic well-being of American households found that 40% of Americans don’t have enough savings to cover a $400 emergency.

• A recent survey from my company, a mobile banking service, found that 45% of Americans have no savings accounts at all.
To answer the “why,” many economists and journalists point to the 20th century cultural shift from saving to financing, and the policies that prompted it. In a 2016 article, The Atlantic theorized that Americans don’t save because it’s so easy to spend, borrow and tap into one’s savings to spend more. More specifically, McArdle cites developments such as credit cards, credit ratings, the government’s involvement in making or guaranteeing housing and tuition loans, and the gutting of usury laws as factors behind the rise in American borrowing. This is all true. But expenses are also higher across most major categories — such as housing, health care, child care, transportation and education — for Gen Xers and millennials.

A recent Stanford study, citing record student debt levels, noted that at age 30 ,the average net worth of someone born in the early 1980s was less than $10,000. Those born in the ’80s are also significantly less likely to own a home at age 30, and those who do have a higher mortgage debt burden. There’s also been no real growth in wages over the past 45 years.
this is nothing new all of this also accrued while obama was president and the economy was bad. individual bad judgment calls have nothing to do with things being better now than 3 years ago.
 

Addy

Rebuild With Biden!
this is nothing new all of this also accrued while obama was president and the economy was bad. individual bad judgment calls have nothing to do with things being better now than 3 years ago.
Looks like lots of people are spending money they don't actually have... credit cards, etc. Like the read stated… re: stagnant wages over the past 45 years.Those wealthy billionaires are doing fine though... considering those nice tax breaks.
 

Constitutional Sheepdog

][][][%er!!!!!!!
Looks like lots of people are spending money they don't actually have... credit cards, etc. Like the read stated… re: stagnant wages over the past 45 years.Those wealthy billionaires are doing fine though... considering those nice tax breaks.
Again this is nothing new but people are spending more money now than they were 3 years ago. Why you ask? because they have more confidence in the economy and that their work will continue unlike it was when obama was president.
 
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