Skip to content
Subscriber Only
Politics
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.
Donald Trump attends a Cabinet Meeting at the White House on Oct. 21.Photographer: Brendan Smialowski/AFP via Getty Images

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.

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.