Blue collar boom? College grads, baby boomers big winners in Trump's economy

Posted on AllSides February 7th, 2020
From The Center

WASHINGTON (Reuters) - U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the “1%” since he became president.

That’s true, according to Federal Reserve data.

On average, Americans have seen a 17% jump in household wealth since Trump’s election, while wealth at the bottom half has increased 54%.

“This is a blue collar boom,” Trump also said Tuesday. That’s less apparent. The...

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https://www.reuters.com/article/us-usa-economy-wealth-trump-analysis/blue-collar-boom-college-grads-baby-boomers-big-winners-in-trumps-economy-idUSKBN2011AR

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