Presently, some taxpayers will begin to feel a sense of helpless frustration as they prepare to hand over a chunk of their hard-earned money to the government. Others will anxiously wait to see how much of their hard-earned money the government will be willing to give back.

One comfort most Americans can take to heart this year, however, is that many have more money in their pockets to begin with than they did before President Donald Trump was in the White House—especially those on the lower half of the economic ladder.

The White House Council of Economic Advisers recently released data showing that from the end of 2016 through the first half of 2019, the net wealth of the bottom 50 percent of American households soared by 47 percent. This is more than three times the rate of increase for those at the top, which rose 13 percent.

In other words, the analysis found that middle-class and lower-income Americans have seen their personal finances improve at a much faster rate than wealthier Americans. When you combine this with record-low unemployment (across virtually every demographic), enormous consumer and business confidence, strong economic growth and a surging stock market, the economic future for all Americans appears pretty bright.

So the radical leftist media talking point that Trump’s economic policies only benefit the wealthy are complete baloney. It is fitting that the analysis came out as we just passed the two-year anniversary of the implementation of the Tax Cut and Jobs Act. Recall the chorus of Democrats and media voices who did their best to convince Americans that the tax overhaul would mainly help the rich—even when about 80 percent of American households would see a reduction to their tax burdens under the law.

Unfortunately, when the Democrats lied about the tax overhaul, a great many Americans believed them. In poll after poll, Americans believed that the tax cuts primarily benefited corporations and the extremely rich. Indeed, the Winston Group found that, based on surveys and exit polls from the 2018 midterm elections, only 32 percent of voters believed that the GOP tax law reduced tax rates for everyone.

This is something to which every Republican candidate (and everyone at the White House) should pay attention, because it could be bigger than a communication problem.

Through a few polling and survey projects Gingrich 360 is doing, we have heard from a number of Americans who do not feel they are benefiting personally in this economy. To be clear: They recognize that the economy is strong—but they don’t feel like it is benefiting their personal finances. We aren’t the only ones hearing this. A poll conducted by The Financial Times and the Peter G. Peterson Foundation in October found that nearly two-thirds of American voters said they are not better off financially than they were when Trump became president.

There is a significant disconnect here: The data shows that Americans have more money than they did before Trump’s presidency, but Americans don’t feel like they are better off financially. This disconnect may very well signify a much deeper problem with how Republicans communicate—and perhaps unearth a policy issue that needs to be fixed.

The economy should be a huge strength for GOP candidates in 2020. But if people don’t feel like their lives are improving on a personal level, it might not be enough.

Former Speaker of the U.S. House of Representatives Newt Gingrich is the chairman of Gingrich 360, the host of the Newt’s World podcast and author of the New York Times best-sellers Understanding Trump and Trump’s America. His latest book, Trump vs. China: Facing America’s Greatest Threat, is out now.

To read, watch or listen to more of Gingrich’s commentary, go to Gingrich360.com.

The views expressed in this article are the writer’s own.