More good news coming out of the Trump economic boom as U.S. income makes its highest jump in five years. That’s real-world dollars in the pockets of workers and families which economists believe will be yet another engine for yet more economic growth in the coming months. As of now, no mention of this positive news coming from CNN or MSNBC.
Americans’ wallets fattened in January on recent tax cuts, indicating increased spending power may boost the economy this quarter.
Real disposable income, or earnings adjusted for taxes and inflation, advanced 0.6 percent from the prior month, the biggest gain since April 2015, according to a Commerce Department report Thursday.