Josh 2
Why are people sure the Trump economy was great?
| Obama, 2nd term | Trump | Biden, full term | Biden, last year** | |
|---|---|---|---|---|
| Inflation | ||||
| Inherited | 1.8% | 1.4% | 2.2% | 5.5% |
| Bequeathed | 1.4% | 2.2% | 4.5% | 3.0% |
| Change | -0.4% | 0.8% | 2.3% | -2.6% |
| PAEPOP | ||||
| Inherited | 75.9 | 78.6 | 77.2 | 80.7 |
| Bequeathed | 78.6 | 77.2 | 80.8 | 80.8 |
| Change | 2.7 | -1.4 | 3.6 | 0.1 |
| Real wages* | ||||
| Inherited | 151.2 | 158.3 | 164.9 | 163.5 |
| Bequeathed | 158.3 | 164.9 | 166.2 | 166.2 |
| Change (annualized growth) | 1.2% | 1.0% | 0.3% | 1.7% |
Notes: *Employment Cost Index for private industry wages and salaries, deflated by the price index for personal consumption expenditures.
**For "start" of last year, averages of the first 2 years of the Biden term are calculated for "end" of last year, the last year's averages are used.
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