U.S. Census Bureau data shows the average American family was better off economically when former President Donald J. Trump was in the White House. The government agency data reveals that in 2019 the median household income was $81,210. Meanwhile, in 2023—under Joe Biden and Kamala Harris—household median income dropped to $80,610.
Additionally, while the data shows household income across most demographics recovering post-COVID-19 pandemic, this is not the case for Asian and Hispanic Americans. This may, in part, explain the accelerated shift of Hispanic and Latino voters away from the Democratic Party and towards former President Trump.
Under Trump’s White House, household incomes increased markedly for all racial and ethnic demographics until the pandemic.
BREAKING: New data from the U.S. Census Bureau confirms Americans were BETTER OFF under President Trump.
Median household income was HIGHER in 2019 ($81,210) than 2023 ($80,610). pic.twitter.com/5ZJ95UK5b4
— RNC Research (@RNCResearch) September 10, 2024
The National Pulse has previously reported that the inflation crisis kicked off by Biden andHarris’s reckless spending policies drastically increased the income level needed to maintain a satisfactory quality of life for a family of four in the U.S. An inability by the Federal Reserve to reign in the crisis resulted in interest rates remaining significantly elevated in the country for well over a year—restricting business access to capital and making loans, such as mortgages, prohibitively expensive for most Americans.
Even more concerning, the Biden-Harris government’s Bureau of Labor Statistics now admits nearly one million fewer jobs than initially reported were added to the U.S. economy over the past year. This news has raised concerns about a significant slowing in the labor market, prompting the Federal Reserve to consider cutting interest rates later this month despite not having inflation under control.
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