President Donald Trump loves to tout the booming state of the U.S. economy. On face value, he’s right. The economy is thriving. According to the Bureau of Economic Analysis, GDP and disposable personal income are both up about 3 percent. As CNBC notes, the U.S. just had its best first quarter since 2015.
But while the numbers paint a flattering picture, the bulk of growth stemming from Trump’s tax cuts advantaged the folks who needed it the least. It was corporations and wealthy individuals who benefited the most — not working class people.
Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies, joined NPR’s The 1A to discuss the truth about our “thriving” economy, how the GDP is a flawed measure for analyzing economic wellbeing, and more.