Household income rose above $61,000 for the first time ever last year as the economy continues to grow at a record pace, according to the U.S. Census Bureau.
The median household income was $61,372 last year after the rapid deregulation of the U.S. consumer market led to record unemployment and a more valuable dollar. This is evidenced by the unemployment numbers released by the Department of Labor and the dollar index since Trump’s election.
This incredible feat was achieved despite the fact that the Federal Reserve has risen interest rates across the board several times this year. This was in response to low unemployment numbers and the rising stock market. The most probable reason for this is to keep the U.S. dollar at bay in order to avoid a market collapse due to an unexpectedly strong dollar.