Poor got economic benefit from Obama policy in 2016-18 and Trump got the credit for it?

By artappraiser on Sun, 06/14/2020 - 3:24am |

Just published harmonized @lisdata for the US (based on Current Population Survey) allow a first look at what happened to US incomes between 2016 and 18.
Graph below shows strong real growth throughout but highest for the very poor (left) and very rich (right).
Gini unchanged. pic.twitter.com/VCNGvzEgLe
— Branko Milanovic (@BrankoMilan) June 14, 2020

URL:

https://twitter.com/BrankoMilan/status/1272065965480501248?s=20

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He added this comment:

Under Trump, the top 1% continued with strong gains (not a surprise) but the very bottom of income distribution (the poorest 5%) gained quite a lot too.
No improvement in the relative fortunes of the upper middle class. https://t.co/Z54GDEoHtI
— Branko Milanovic (@BrankoMilan) June 14, 2020