US Census data shows record-low poverty and high median income

Recent Census Bureau statistics indicate that the United States poverty rate fell to a record low in 2025. Additionally, the real median household income reached $87,460, marking the highest level since 1967.

Despite these positive indicators, economic challenges remain ahead of the midterm elections. The year-over-year inflation rate is currently higher than when President Donald Trump took office in January 2025, driven largely by rising energy costs. Data from AAA shows that the average price for a gallon of regular gas has increased from $3.20 to $4.47, while diesel prices rose from $3.71 to $6.53.