Republican vice presidential nominee JD Vance recently made a statement regarding the economic policies of former President Donald Trump, claiming that they led to the highest take-home pay in a generation. This assertion was supported by government data at the time.
However, it is important to note that real disposable income reached its peak in March 2021 under President Joe Biden, before inflation began to surge. Despite the subsequent price increases that impacted take-home pay, it remained higher than any point during the Trump administration even when it dipped to its lowest level in the summer of 2022.
Over the past two years, real disposable income has shown a consistent upward trend. In August, it reached its highest level since March 2021, when it hit a record high. This indicates a positive trajectory in terms of disposable income, despite the challenges posed by inflation in recent times.
