Did we forget the recession?
https://www.factcheck.org/2019...october-2019-update/
Household Income — Household income rose briskly under Trump.
The Census Bureau’s measure of median household income reached $63,179, an increase of $1,400 from 2016 after adjusting for inflation.
In percentage terms, the increase during Trump’s first two years is 2.3%. (The median figure represents the midpoint — half of all households earned more, half less.)
The official figure is the highest ever recorded, exceeding previous records set in 2016 and 2017. But Census officials said those recent “records” are all due in part to a change in the survey questions in 2014. Starting then, the annual survey has picked up some sources of income that were previously missed.
Adjusting for that factor, and also for a change in the way Census processed data starting this year, Census officials published “estimated adjusted” figures showing what median household income would have been for past years, had the current questionnaire and processing procedures been in place. On that basis the latest figure is just a few dollars less than it was in 1999 — $63,231.