The News Kamala Sorely Needed

The number: Inflation-adjusted income for median households rose for the first time in four years in 2023, increasing 4% over the previous year. (Axios)

Context: A major sticking point in the 2024 presidential race is whether Americans are better off now than they were four years ago.

• The economy continues to rank at the top of Americans’ concerns, with a new Pew Research Center poll finding 81% of voters say it’s very important to their vote in the 2024 election.

Bubba’s Two Cents

While economists and Democrats have cited metrics to claim the U.S. is in fact better off under Biden-Harris than it was under Donald Trump, the reality is American voters aren’t buying it. Alternative facts, like inflation-adjusted incomes for middle-Americans only now seeing gains, just further reinforce this state of affairs. With the election just a few months away, it might be too little too late when it comes to changing the narrative on the Biden-Harris economy.