Economics

Trump Claims He Boosted U.S. Incomes by $7,000. Data Say Otherwise

Figure reflects estimated gains from deregulation, tax cuts
Official and private data show increases have been more modest

Donald Trump attends a Cabinet Meeting at the White House on Oct. 21.Photographer: Brendan Smialowski/AFP via Getty Images

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By Katia Dmitrieva, Reade Pickert, and Jordan Fabian

October 23, 2019 at 9:00 AM UTC

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President Donald Trump boasted on Monday that American incomes have skyrocketed during his presidency, surpassing gains under his predecessors, a claim that isn’t supported by official government data.