Opinion: Booming economy allows more to live their version of the American dream
According to an international wealth report from Credit Suisse, the American economy continues to roar.
The report states that during the 12 months between mid 2017 and mid 2018, 878,000 millionaires were created in the United States.
That staggering number accounts for about 40 percent of the 2.3 million millionaires globally during that time.
The Trump administration's focus on deregulation and tax reform, including the Tax Cuts and Jobs Act that was signed into law by President Trump in late 2017 together with dramatic increases in the stock market, have had a huge positive impact on household wealth as well.
The United States has more people with wealth above $100,000 and more millionaires than any other country. We saw total wealth and wealth per adult increase again, continuing a trend that began in 2008.
That increase in wealth is something I want to take a second and recognize specifically.
With more money in your pocket comes more freedom to pursue whatever your version of the American dream might be.
Whether that means sending your kids to better schools, finally taking that family vacation or simply saving for a later date.
We can all agree that a booming economy means good things for your bottom line.
Here’s my bottom line: Putting more money back in the hands of the American taxpayer has been a focus of our federal government over the past two years.
With more jobs available than people to fill them and continued growth in household wealth, it is a great time to pursue the American dream.
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.