RECORD HIGH INCOMES, RECORD LOW POVERTY

Key Takeaways

  • Today, the Census Bureau released new data showing historic gains for America’s families and workers last year
  • Median household income surged to a record high of more than $68,700 last year
  • The poverty rate fell to 10.5 percent last year, a record low
    • 4.2 million Americans were lifted out of poverty last year, the largest decrease in poverty since 1966
  • The Trump economy delivered more for the American people in three years than the Biden economy did in eight
    • Median household income increased by 9 percent in the first three years of the Trump Administration, compared to only 5 percent under eight years of Biden
    • 6.6 million Americans were lifted out of poverty from 2016 to 2019, “the largest 3-year reduction” in poverty to start a presidency since 1964
    • While Biden was Vice President, the number of Americans in poverty increased by nearly 787,000
  • Higher incomes and lower poverty are helping Americans across the board

RECORD HIGH INCOME, RECORD LOW POVERTY

Median Household Income Reached A Record High, While The Poverty Rate Hit A Record Low

Median Household Income Rose To $68,703 In 2019, A Record High.  (U.S. Census Bureau, 9/15/20)
The Poverty Rate In The United States Fell To 10.5 Percent In 2019, A Record Low.  (U.S. Census Bureau, 9/15/20)
In 2019, 4.2 Million Were Lifted Out Of Poverty, The Largest One-Year Decrease In The Number Of Americans In Poverty Since 1966.  (U.S. Census Bureau, 9/15/20)

THREE YEARS OF TRUMP HAS BEEN BETTER THAN EIGHT YEARS OF BIDEN

Median Household Income Increased By 9.2 Percent, $5,805 In The First Three Years Of The Trump Administration.  (U.S. Census Bureau, 9/15/20)
  • Median Household Income Increased By 5 Percent, Or $3,021, Over The Entire Eight Years Joe Biden Was Vice President. (U.S. Census Bureau, 9/15/20)
6.6 Million People Were Lifted Out Of Poverty During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)
  • The Number Of People In Poverty Increased By 787,000 When Joe Biden Was Vice President.(U.S. Census Bureau, 9/15/20)
The Poverty Rate In The United States Fell 2.2 Percentage Points In The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)
  • The Poverty Rate Had Increased After Eight Years Of Biden As Vice President. (U.S. Census Bureau, 9/15/20)

BLACKS, HISPANICS, ASIAN AMERICANS, AND WOMEN ARE ALL SEEING HIGHER INCOMES AND LOWER POVERTY

Black Americans Are Seeing Record High Incomes And Record Low Poverty

Black Median Household Increased In 2019 To $45,438, A Record High. (U.S. Census Bureau, 9/15/20)
  • Black Median Household Income Rose By 8 Percent Or More Than $3,300 From 2016 To 2019. (U.S. Census Bureau, 9/15/20)
The Black Poverty Rate Fell To 18.8 Percent In 2019, A Record Low. (U.S. Census Bureau, 9/15/20)
  • The Black Poverty Rate Fell By 3.2 Percentage Points From 2016 To 2019. (U.S. Census Bureau,
811,000 Black Americans Were Lifted Out Of Poverty Last Year. (U.S. Census Bureau, 9/15/20)
  • 1.1 Million Black Americans Were Lifted Out Of Poverty During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)

Hispanic Americans Are Seeing Record High Incomes And Record Low Poverty

Hispanic Median Household Income Increased In 2019 To $56,113, A Record High. (U.S. Census Bureau, 9/15/20)
  • Hispanic Median Household Income Has Risen By 10 Percent Or More Than $5,300 From 2016 To 2019. (U.S. Census Bureau, 9/15/20)
The Hispanic Poverty Rate Fell To 15.7 Percent In 2019, A Record Low. (U.S. Census Bureau, 9/15/20)
  • The Hispanic Poverty Rate Has Fallen 3.7 Percentage Points From 2016 To 2019. (U.S. Census Bureau, 9/15/20)
In 2019, 981,000 Hispanic Americans Were Lifted Out Of Poverty. (U.S. Census Bureau, 9/15/20)
  • Nearly 1.6 Million Hispanic Americans Have Been Lifted Out Of Poverty During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)
  • The Number Of Hispanic Americans In Poverty Rose By 150,000 When Biden Was Vice President. (U.S. Census Bureau, 9/15/20)

Asian Americans Are Seeing Record High Incomes And Record Low Poverty

Asian Median Household Income Increased To $98,174 In 2019, A Record High. (U.S. Census Bureau, 9/15/20)
  • Asian Median Household Income Has Risen By 13 Percent Or More Than $11,400 During The First Three Years Of The Trump Administration.(U.S. Census Bureau, 9/15/20)
The Asian Poverty Rate Fell To 7.3 Percent In 2019, A Record Low. (U.S. Census Bureau, 9/15/20)
  • The Asian Poverty Rate Has Fallen 2.8 Percentage Points During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)
In 2019, 532,000 Asian Americans Were Lifted Out Of Poverty. (U.S. Census Bureau, 9/15/20)
  • 444,000 Asian Americans Have Been Lifted Out Of Poverty From 2016 To 2019. (U.S. Census Bureau, 9/15/20)
  • The Number Of Asian Americans In Poverty Rose By 332,000 During Biden’s Time As Vice President. (U.S. Census Bureau, 9/15/20)

Women Are Seeing Record High Incomes

Women’s Median Income Rose To $47,299 In 2019, A Record High. (U.S. Census Bureau, 9/15/20)
  • Female Median Household Income Has Risen By 6.8 Percent Or More Than $3,000 During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)

Under President Trump, The Child Poverty Rate Reached A 50 Year Low

The Child Poverty Rate Fell To 14.4 Percent In 2019, The Lowest Level In 50 Years. (U.S. Census Bureau, 9/15/20)
  • The Child Poverty Rate Fell 3.6 Percentage Points During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)
In 2019, 1,403,000 Children Were Lifted Out Of Poverty. (U.S. Census Bureau, 9/15/20)
  • Nearly 2.8 Million Children Have Been Lifted Out Of Poverty During The First Three Years Of The Trump Administration. (U.S. Census Bureau, 9/15/20)



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