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Reaganomics
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===Income and wealth=== In nominal terms, median household income grew at a [[compound annual growth rate]] (CAGR) of 5.5% during the Reagan presidency, compared to 8.5% during the preceding five years (pre-1975 data are unavailable).<ref>{{cite web|url=https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html|title=Historical Income Tables: Households|website=www.census.gov|access-date=June 13, 2018|archive-date=July 13, 2017|archive-url=https://web.archive.org/web/20170713092443/https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html|url-status=live}}</ref> Real median family income grew by $4,492 during the Reagan period, compared to a $1,270 increase during the preceding eight years.<ref>{{cite web|url=https://fred.stlouisfed.org/graph/?g=k9vM|title=Real Median Family Income in the United States|date=September 13, 2017|access-date=June 12, 2018|archive-date=June 12, 2018|archive-url=https://web.archive.org/web/20180612211154/https://fred.stlouisfed.org/graph/?g=k9vM|url-status=live}}</ref> After declining from 1973 through 1980, real mean personal income rose $4,708 by 1988.<ref>{{cite web|url=https://fred.stlouisfed.org/series/MAPAINUSA672N|title=Real Mean Personal Income in the United States|date=September 13, 2017|access-date=June 13, 2018|archive-date=June 14, 2018|archive-url=https://web.archive.org/web/20180614044619/https://fred.stlouisfed.org/series/MAPAINUSA672N|url-status=live}}</ref> Nominal household net worth increased by a CAGR of 8.4%, compared to 9.3% during the preceding eight years.<ref>{{cite web|url=https://fred.stlouisfed.org/series/HNONWRA027N|title=Households and nonprofit organizations; net worth, Level|date=June 7, 2018|access-date=June 13, 2018|archive-date=March 11, 2018|archive-url=https://web.archive.org/web/20180311020446/https://fred.stlouisfed.org/series/HNONWRA027N|url-status=live}}</ref>
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