Trump’s economy still needs improvement
If a Democrat were in the White House, the headlines from the Census Bureau’s annual report on income in the United States would have been glowing. Household income, after adjusting for inflation, is at an all-time high. Poverty, including child poverty, is falling and is at an all-time low.
TL;DR
- Real median household income reached an all-time high of $87,460 in 2025, a gain of $2,250 after inflation.
- The overall poverty rate decreased to 10.2%, and child poverty fell to a record low of 13.4%.
- Median earnings for full-time, year-round workers aged 25-34 decreased by 1.6% in 2025.
- Women's earnings rose 3.2% while men's earnings remained relatively flat.
- Tariff policies are increasing material costs for manufacturing and construction sectors.
- Rising energy prices, particularly diesel, are impacting consumers' paychecks.