Steve Moore: ‘The Average Median Household Income, Adjusted for Inflation, for the Average Family in America Is Already up $1,174’

MOORE: “We have access to the — we have access to the — some data that no one else does on what has happened month by month with median household income. This is based on unpublished Census Bureau data. It will be released sometime in the next 6 months, but we get an advanced look at it. And so, I was telling the president, in his first five months in office, starting in January through the end of June, the average median household income, adjusted for inflation, for the average family in America is already up $1,174. That’s —“

Trump: “That’s an incredible number. Just came out.”

MOORE: “Just came out. So that’s a giant gain.”

Trump: “And if I would have said this, nobody would have believed me. There’s your number. We’re doing well.”

MOORE: “So, the next one compares — we finally have the 2024 data on what happened with real family income in the United States. And so, what I did was I compared the record in Donald Trump’s first term with the Joe Biden first term. And you can see that — by the way, these dotted lines here, Mr. President, that’s Covid. So, if it had not been for Covid, these numbers would have been substantially better.”

Trump: “That’s amazing.”

MOORE: “But even taking account of President Trump’s last year in 2020, we saw a $6,400 real after-inflation gain in income for the average family. And that compares with Joe Biden, which was a measly $551. So, Mr. President, you gained 10 times more income for the average family than Joe Biden, it’s because of your policies.”

Trump: “And that’s taking into consideration Covid, which a lot of times you don’t have to do that —“

MOORE: “Because we were —“

Trump: “— but I’m very glad you did.”

MOORE: “We were over — almost $8,000 until Covid.”

Trump: “Look at that number.”

MOORE: “Yeah.”

Trump: “OK.”