❓WHAT HAPPENED: Newly released Census Bureau data shows all income groups in America advanced more during President Donald Trump’s first term than during the Biden government.
👤WHO WAS INVOLVED: Stephen Moore, The Heritage Foundation, President Donald J. Trump, and the Census Bureau.
📍WHEN & WHERE: Data presented in the Oval Office on Thursday, August 7, 2025.
💬KEY QUOTE: “Every income group did better under Trump than Biden — by a wide margin.” – Economist Stephen Moore
🎯IMPACT: The data highlights significant income inequality under Biden and reinforces Trump’s economic achievements.
Economic data compiled by the U.S. Census Bureau have revealed that President Donald J. Trump‘s Make America Great Again agenda spurred economic advancement across all income groups during his first term in office, outpacing the results under the former Biden government. The data was presented publicly for the first time on Thusday in the Oval Office by Stephen Moore, a senior visiting fellow in economics at The Heritage Foundation.
The data examines Americans as three distinct income groups: lower income (bottom 25 percent of earners), middle income (middle 50 percent), and upper income (top 25 percent). “What I find fascinating about this, Mr. President, is every income group did better,” said Moore, adding: “The rich were the only group that did better under Biden, which is ironic because Biden keeps saying he was trying to get rid of income inequality. He made income inequality worse, not better. It was President Trump that reduced income inequality.”
Moore broke the data down in terms of dollars, as well. The lower third income bracket saw an estimated annual revenue gain of $4,000 during Trump’s first term. Similarly, the middle third of earners saw a $6,400 increase in income. Meanwhile, the wealthiest third saw $10,000 more per year by the end of Trump’s first term.
According to Moore, Bureau of Labor Statistics (BLS) data suggests similar economic effects are already underway in Trump’s second term. The BLS data shows that in the first five months of Trump’s second term, the average household’s income increased by an inflation-adjusted $1,174.
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