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The speaker informed the president of new data showing the Bureau of Labor Statistics overestimated job creation by 1,500,000 jobs during the Biden administration. Unpublished Census Bureau data indicates that median household income increased by $1,174 in the first five months of Biden's presidency.
Real family income gained $6,400 under Trump's first term, compared to $551 under Biden. Every income group fared better under Trump. Under Biden, the lowest income group lost income, the middle class saw virtually no gain, and the highest income group was the only one that improved. Trump reduced income inequality, while Biden worsened it. The lowest income group gained $4,000 under Trump, the middle class $6,400, and the richest almost $10,000.