All metropolitan areas enjoyed income gains in 2018

All metropolitan areas enjoyed income gains in 2018
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Every major metropolitan center in the U.S. saw average income growth in 2018 for the first time in almost three decades.

Bloomberg News on Tuesday cited Bureau of Economic Analysis data that found that no metropolitan areas saw per capita income decline in 2018, the first time since 1992.

The gains are a marked improvement from the years immediately following the 2008 financial crisis, when per capita income declined in 84 percent of metropolitan centers.

According to Bloomberg, 2018 was only the fourth year since 1970 in which every major metro area saw growth or no change in income level.

President TrumpDonald John TrumpBiden says GOP senators have called to congratulate him Biden: Trump attending inauguration is 'of consequence' to the country Biden says family will avoid business conflicts MORE has regularly touted the strength of the economy as he makes his case for a second term. Democrats, however, have argued that much of the economic gains began during the Obama administration.