Trump
BidenEconomyPoliticsTrump

Trump Economy Beat Biden’s For All Americans, Economist Says

RNN Staff

Newly released figures from the U.S. Census Bureau reveal that under President Donald Trump, Americans at every income level experienced greater real income growth than they have under Joe Biden — a direct refutation of the White House narrative that Bidenomics has benefited the middle and working class.

Economist Stephen Moore, a senior fellow at The Heritage Foundation, presented the data during a meeting with President Trump in the Oval Office on Thursday. The unpublished numbers break down economic performance by income bracket: the bottom 25% (lower income), the middle 50% (middle income), and the top 25% (upper income). Moore said the results show a clear trend: under Trump, everyone prospered. Under Biden, only the wealthy did.

“What I find fascinating about this, Mr. President, is every income group did better under your first term,” Moore told Trump, pointing to a chart that displayed the percentage gains in income — adjusted for inflation — during each administration.

According to Moore, lower-income Americans gained roughly $4,000 in annual income under Trump, middle-class households saw a $6,400 increase, and top earners saw their incomes rise by about $10,000. By contrast, under Biden, the lower-income group actually lost purchasing power, while middle-class earnings stagnated. Only the wealthy gained significantly.

“The rich were the only group that did better under Biden, which is ironic because Biden keeps saying he’s fighting income inequality,” Moore noted. “He actually made it worse. It was President Trump who reduced income inequality.”

Importantly, the analysis includes the economic impact of COVID-19, which hit in the final year of Trump’s first term. Even with the pandemic’s economic shock, income growth under Trump’s policies still outpaced Biden’s across the board.

Moore also presented updated numbers on Trump’s current economic performance since returning to office. In the first five months of his second term, average household income has grown by $1,174 after adjusting for inflation — a sharp rebound as Trump reimposes pro-growth, low-tax, pro-energy policies across the federal government.

Publicidad

The presentation came just days after the Bureau of Labor Statistics was forced to issue significant downward revisions to May and June’s jobs data. The agency originally reported job growth of 144,000 and 147,000 for those months, respectively, but later corrected those numbers to just 19,000 and 14,000 — a combined error of over 250,000 jobs.

Trump responded by firing BLS Commissioner Erika McEntarfer on August 2, citing both the magnitude of the error and a pattern of suspicious revisions that he says began under Biden.

“These aren’t honest mistakes. They’re cooked numbers, and they’ve been doing it for years,” Trump reportedly told Moore during the meeting.

Moore backed the move, stating, “We saw repeated, huge corrections under Biden. It’s not just incompetence at this point — it’s manipulation, plain and simple.”

The findings come as Trump intensifies his messaging around economic recovery, tying middle-class resurgence to his policies on energy independence, deregulation, trade enforcement, and tax cuts. With the economy front and center ahead of the 2026 midterms, the new data gives Trump a potent weapon: cold, hard numbers showing that working Americans were better off when he was in charge.

Ad Blocker Detected!

Refresh