US economy notches remarkable new record, sparking cheers: Good job everyone
Americans may not feel it in their wallets, but two major measures of economic well-being improved in 2025, as the nation's poverty rate fell to a historic low and inflation-adjusted median household income reached a record high, according to new Census Bureau data.In 2025, the poverty rate in the United States dropped to an all-time low of 10.2%, down roughly half a point from 2024, according to the Census Bureau.Even as the proportion of people living in undesirable conditions declines, however, the percentage of people who told Fox News pollsters that their personal financial situation was worsening or not changing held steady at around 85% for the duration of 2025.Many have attributed President Donald Trump’s unpopularity, which some conservatives fear could cost the GOP control of Congress in November, to his economic policies.
Amid Republican unpopularity and consumer pessimism, even states that are usually reliably conservative, like Texas, Ohio and Alaska, could very well send Democrats to the Senate.FOX NEWS POLL: MOST RATE THE ECONOMY NEGATIVELY, INCLUDING HALF OF REPUBLICANSPresident Donald Trump holds a chart on household income in the Oval Office of the White House in Washigton, Aug.7, 2025.
(Yuri Gripas/Abaca/Bloomberg via Getty Images)The Census Bureau defines poverty depending on the number of people in a given household and their income.A family with two adults and two children, for instance, would need to make less than $32,649 a year to be considered impoverished.
The threshold for poverty increases as inflation lowers the value of the dollar.Median household income also reached an all-time high, growing by 2.6% to $87,460 in 2025.That gain, however, is erased by inflation as the dollar’s value declined by about 3% between 2024 and 2025.A number of factors could explain the gap between economic perception and improving macroeconomic indicators."See a lot of mutuals on here in DC, New York, LA talking about high prices.
Meanwhile folks I kn...