President Trump touts economic gains, but not all Americans feel the benefits
Government data show 3.4% growth and 3.6% inflation, while analysts say higher-income households are seeing more of the gains.
- President Donald Trump touted 3.4% economic growth at a South Carolina rally on Thursday, even as new government figures show annual inflation accelerated to 3.6% in September.
- Heather Long, chief economist at Navy Federal Credit Union, described today's economy as "very much a K-shaped economy," where wealthy Americans benefit from stock market gains while others struggle with rising expenses.
- Matt Schulz, chief consumer finance analyst at LendingTree, reported that 29% of buy now, pay later users now use installment loans for groceries, with 54% citing the need to make ends meet.
- An October AP-NORC survey found 74% of registered voters disapprove of Trump's handling of the economy, reflecting financial strain despite his growth claims.
- The White House credits tax laws for providing relief, though Long noted that for many families, these benefits are essentially offset by higher everyday costs like gas prices.
34 Articles
34 Articles
The economy grew by 3.4% annualized in the third quarter and aired Republicans five days after the mid-term elections; prices rose by 3.6% year-on-year in September
The largest economy is growing stronger than expected thanks to consumer spending and investment. Trump's Republicans are blessed with the current figures a few days before the elections.
Trump's Economy Exceeds Expectations Ahead of Midterms
In a surprising turn, the U.S. economy showcased robust growth in the summer months, surpassing predictions just before the midterm elections. This report provides a vital boost for Trump and Republican campaigns.
Forbes España
diarioestrategia.clThe gross domestic product (GDP) of the United States experienced a growth of 0.8% in the third quarter compared to the previous three months, showing a boost of US economic activity, according to the preliminary estimate published by the Office of Economic Analysis of the Department of Commerce. Thus, [...] The entry The US GDP accelerates in the third quarter and grows to 0.8% aparece primero en Forbes España.
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