Middle-Class Income
How much did inflation-adjusted median household cash income grow in the first three years of Joe Biden's presidency?
Correct Answer
Inflation-adjusted median household cash income, a primary measure of middle-class income, grew by 1.3% in the first three years of Joe Biden's presidency (2021 to 2023). This increase was minimal even though the U.S. and most of the world experienced a s in economic growth due to the end of Covid lockdowns. In contrast, inflation-adjusted median household cash income grew by 10.5% in the pre-Covid years of Trump's presidency (2017 to 2019). Correlation doesn't prove causation, and there are many factors besides presidents that impact economies, so neither Biden nor Trump can objectively take credit or blame for any of this. However, these facts give no credence to Biden's claim that "Bidenomics" helps the "middle class" and "MAGAnomics" hurts them.
















