A new report from Bloomberg published Thursday reveals the United States now has more millionaire residents than people living in Sweden; breaking another record under President Trump and showing more signs of strong economic growth.
“The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal,” reports Bloomberg.
“More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017,” adds the report.
According to the survey, America’s high-income households -those with assets worth $5 million and above- have more than doubled since the economic crash of 2008.
Read the full report at Bloomberg.
AMERICA UNLEASHED: Food Stamp Enrollment DOWN 2.8 MILLION Under Trump
The US economy continued to roar to life in July under President Trump and the GOP-controlled Congress, with new data showing nearly three million Americans have left the nation’s food stamp program since the President’s inauguration in January 2017.
According to the new statistics released by the Department of Agriculture, over 2.8 million people dropped the program since Trump took office; fulfilling a signature campaign promise to boost Obama’s stagnant recovery.
Millions drop off of ‘SNAP’ under Trump pic.twitter.com/CAjXVgtzTA
— Fox News (@FoxNews) August 6, 2018
The strong economic data -coupled with 4.1% growth in GDP in the second quarter of 2018- may spell disaster for Democrats heading into the midterm elections; with House Minority Leader Nancy Pelosi pledging to “repeal” the widely popular “GOP tax scam.”
AMERICA UNLEASHED: Hispanic Unemployment Rate LOWEST IN US HISTORY
The unemployment rate for Hispanic-Americans plunged to a record-setting low in July; plummeting to just 4.5% last month and smashing estimates as the US economy continues to soar under President Trump.
“The unemployment rate for Hispanic or Latino workers fell to 4.5 percent in the month, lower than the previous record of 4.6 percent that was set just the month before,” writes the Washington Examiner. “President Trump touted the unemployment numbers Wednesday in a meeting with inner-city pastors at the White House.”
“So important, because we have companies, once again, coming back into our country, and they want to employ people,” said the President. “So we’re training and working with these people, and we’re getting companies to do the same. It’s been — actually, it’s been a very beautiful thing.”
The strong economic data throws more cold-water on the media’s over-hyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the widely popular GOP tax cuts should Democrats retake control of Congress.
Read the full report at the Washington Examiner.