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Median income hits record $87,460 as inflation falls

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Story summary
  • President Donald Trump claims his policies boosted incomes, reduced inflation, and created jobs.
  • U.S. GDP grew at an annualized 2.2% and rose about 3.2% since late 2024.
  • Median household income rose 2.6% in 2025 to $87,460, the highest recorded figure.
  • Inflation fell to 3.7%, down from a 9% peak in 2022.
  • Federal deficit reached $2 trillion in the year to September 2026, equal to 6% of GDP.