Since 1949, there has been a consistent Democratic advantage in key macroeconomic indicators that measure economic health. These indicators include Gross Domestic Product (GDP) growth, job growth, unemployment rate, growth in inflation-adjusted wages, growth of market-based incomes per capita, inflation, and interest rates. This advantage is seen across all variables measured but is strongest in private-sector outcomes like business investment, job growth, and growth of market-based incomes.
Household income growth adjusted for inflation was faster on average during Democratic administrations and appeared more equal across all groups. This finding is particularly important because accurate economic information is crucial in combating misinformation and ensuring an informed citizenry. By analyzing the performance of different presidential administrations through these key indicators, we can better understand how economic policies affect the economy as a whole.
