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174. Why is Household Income the LOWEST Since 2018? | TWE 26
New podcast episode recapping this week's economic events to help you prosper!
Here’s the 26th episode of "This Week's Economy,” where I briefly share insights on key economic and policy news.
Click below to watch the episode and read on for show notes:
Today, I cover:
1) National: Shocking findings from the latest poverty report by the U.S. Census Bureau, including decreased real (inflation-adjusted) median household income and increased supplemental and child poverty rates.
And median weekly real earnings have declined the most so far under Biden than any other president since 1980 except for Bush, Sr. No wonder many Americans feel pessimistic about the future.
And new CPI report shows an elevated inflation rate.
Prices are much higher now than when Biden became president.
The combination of these indicates a weak economy from bad D.C. policies, as I recently explained at Econlib, and what to do about it.
2) States: Which states are seeking more tax reductions after lowering state income tax over the past three years?
3) Other: My thoughts on the DOJ lawsuit against Google for violating antitrust laws and why I believe it's an attack on consumers and capitalism.
Don’t miss this conversation on X.com on 9/15/2023 at 1 p.m. CT:
You can watch this TWE episode and others along with my Let People Prosper Show on YouTube or listen to it on Apple Podcast, Spotify, Google Podcast, or Anchor. Please share, subscribe, like, and leave a 5-star rating!
For show notes, thoughtful insights, media interviews, speeches, blog posts, research, and more, please check out my website (www.vanceginn.com) and subscribe to my newsletter (www.vanceginn.substack.com), share this post, and leave a comment.