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Middle-Class Gains and Economic Dynamism | Charleston News
Description
Middle-class incomes are surging, hitting $86,000 median after inflation—signaling a rebound in purchasing power and economic strength, according to former White House adviser Steve Moore. While pandemic dips and temporary shocks like gas prices caused short-term dips, the long-term trend shows meaningful gains of around $3,000 per household. Moore celebrates America’s dynamic economy, pointing to the Dow’s evolution—only one of 50 companies from 50 years ago remains—as proof of innovation, not decline. He warns that government regulations may be slowing access to life-saving medical treatments, despite the U.S. leading in drug development. And he’s alarmed by New Jersey’s new Medicaid assessment law, which could deter hiring and stifle job growth, especially for small businesses.
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