More and more great news is coming out of President Donald J. Trump’s economy!
Americans have had plenty to celebrate during the summer months. Recent reports show that both income and spending are on the rise in America, while inflation has eased off as the economy continues to soar.
“Personal income rose 0.4 percent from May to June, the Commerce Department said Tuesday. The wages and salaries component of income, which excludes income from investments and self-employment, rose 0.4 percent. Personal-consumption expenditures increase at the same pace.
The matching pace of income and consumption gains indicates that consumers did not dip into savings to keep up the expansion of spending, meaning the expansion is not being built on a deterioration of household financial security. The saving rate in June was unchanged from May at 6.8%.”
There should be no doubt left in anyone’s mind that the Trump Administration has done great things for America and its economy.
Despite some Republican opposition to his tariff program, our economy is truly on an amazing run.