9/14/2016
By Charles Payne, CEO & Principal Analyst

Main Street got a raise for the first time in years as real median household income climbed to $56,516 after a record one-year improvement.

There are fewer Americans living in poverty, but the tally of 43,000,000 is still heartbreaking.  Moreover, there are 4 million fewer folks without health insurance at a total of 29 million, which is hard to fathom.   This is after years of Obamacare, which promised to remedy this situation.

However, there are additional signs of economic improvement but for many it’s too little, too late as large swathes of the economy continue to be left behind. The bottom segment of earners and the middle-class saw a 22% and 27% increase in wages from 1967 to 2015, while the top five percent enjoyed an 82% raise. 

This trend weighs heavily on this year’s election as voters must consider which candidate can speed along fast gains for everyone that isn’t already rich.

So, the pitch from the Clinton campaign will be ‘let’s keep this momentum going’ while Donald Trump will say it’s too little, too late.

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Charles Payne
Wall Street Strategies

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