Trump's Election Victory: Economy

This is a US news story, published by CNN, that relates primarily to Bank of America news.

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US economy

CNN

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What just happened? It was the economy, stupid | CNN Business

Summary

Nutrition label

78% Informative

By several major metrics, the US economy is on fire, but Americans still view it unfavorably.

A fifth of US households that earn more than $150,000 a year are living paycheck to paycheck, according to a Bank of America survey.

The US economy’s job-creation machine has slowed this year , but the economy is continuing to add a monthly average of 170,000 jobs.

Inflation-adjusted disposable income per capita rose for the 27th straight month , the longest streak on record.

Workers’ paychecks aren’t booming like they were a couple years ago when inflation was truly off the rails, but they’re still growing at a 3.9% adjusted rate.

Consumer spending, which accounts for more than two-thirds of America ’s economy, is surging.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech