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US economy notches remarkable new record, sparking cheers: ‘Good job everyone’

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Schmad, R. (2026, September 17). US economy notches remarkable new record, sparking cheers: ‘Good job everyone’. Fox News. https://www.foxnews.com/politics/us-economy-notches-remarkable-new-record-sparking-cheers-good-job-everyone

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Fox News · collected 2026-09-17 · by Robert Schmad

Quick Summary

In 2025, the U.S. poverty rate dropped to an all-time low of 10.2%, down from 10.7% in 2024, according to new Census Bureau data. Median household income reached a record high at $87,460, growing by 2.6%. However, this growth was offset by inflation, causing the actual value of these gains to diminish. Despite these improvements, many Americans remain pessimistic about their personal financial situations, with around 85% reporting that they feel financially worse off or stagnant throughout 2025. Republicans in Congress are using the positive economic data to bolster their approval ratings amid low support for President Trump's policies and high inflation concerns.
Written by AI on 2026-09-18, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

In 2025, American households achieved a record-high median income of $87,460, surpassing the previous peak set in 2019. Despite this milestone, real income growth was modest at about 2.5% since 2019, reflecting limited economic gains over six years marked by pandemic disruptions and inflation spikes. Women's wages saw a significant increase of 3.2%, narrowing but not closing the gender wage gap to nearly 84 cents for every dollar earned by men.

The poverty rate dropped to its lowest level at 10.2%, with child poverty hitting an all-time low of 13.4%. These improvements were partly attributed to tax changes from President Trump's "One Big Beautiful Bill" Act (OBBBA). However, experts caution that benefits cuts beginning in early 2026 could affect these figures negatively.

Despite the positive statistics, public sentiment remains mixed: while economic indicators improved significantly, polls showed about 85% of people felt their personal financial situations were either worsening or unchanged. This disconnect underscores ongoing concerns among Americans despite official data suggesting overall economic progress under President Trump's administration.

Written for “American Incomes Record High” on 2026-10-30, grounded in this article and the 4 other(s) covering the same event.

Story

📰 American Incomes Record High
Economy/Business · 5 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads leans left and hedges 22% of its claims. Each row says how that neighbour differs.
CBS News
⚖️ Leans right further right than this Hedges 5 of 17 claims Outlet record 66/100
Washington Examiner
⚖️ Leans right further right than this Hedges 3 of 26 claims Outlet record 70/100
Al Jazeera
⚖️ Leans left Hedges 0 of 10 claims Outlet record 60/100
“The articles discuss different aspects of economic conditions under President Trump's administration, but they do not describe the same specific incident or occurrence.”
New York Post
Hedges 3 of 19 claims Outlet record 66/100
Fox News
⚖️ Leans left Hedges 1 of 60 claims Outlet record 70/100
“The articles discuss different aspects of economic conditions and voter sentiment over time, rather than a single specific incident.”
Washington Examiner
⚖️ Leans left Hedges 1 of 32 claims Outlet record 70/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
27
sentences that state something as happening or true
Uncertain
22%
6 of 27 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
70/100
Fox News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
5
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-18 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Fox News · 6012 article(s) · 10 correction(s) detected
Running correction rate · 10 correction(s)

Who wrote this

Robert Schmad
39 article(s) here · 1 carrying a prediction
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Also by Robert Schmad
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 39 articles by Robert Schmad →

Topics

Americans Census Bureau Fox News the Census Bureau the United States

Subjects

Americans NORP · 4× the Census Bureau ORG · 3× Fox News ORG · 2× the United States GPE · 2× Census Bureau ORG · 1× Congress ORG · 1× Donald Trump PERSON · 1× GOP ORG · 1× Republican NORP · 1× Texas GPE · 1×

Narrative

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.
framing: mixed · carried by 1 article(s) · first seen 2026-09-18
🔮 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.

Claims (27 extracted, 6 hedged)

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. uncertain
income → feel → 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. uncertain
rate → drop → 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. asserted
situation → live → 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. uncertain
conservatives → attribute → 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. uncertain
that → send → Senate
The Census Bureau defines poverty depending on the number of people in a given household and their income. asserted
Bureau → define → household
A family with two adults and two children, for instance, would need to make less than $32,649 a year to be considered impoverished. asserted
family → need → 32,649
The threshold for poverty increases as inflation lowers the value of the dollar. asserted
inflation → increase → dollar
Median household income also reached an all-time high, growing by 2.6% to $87,460 in 2025. asserted
income → reach → 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. " uncertain
number → erase → perception
See a lot of mutuals on here in DC, New York, LA talking about high prices. asserted
lot → see → prices
Meanwhile folks I know in Alabama, Indiana, Georgia getting new jobs, raises, or expanding and growing," Andrew Beck, a partner at the consulting firm Beck and Stone, wrote on X. "Doesn’t help young folks in the blue states, but the South is booming." asserted
South → know → states
Economic growth in Southern states has consistently outpaced that of the United States at large, spurred by internal migration and friendly business environments incentivizing large enterprises to move south. asserted
growth → outpace → enterprises
High gas prices, sparked by the president’s military operations in the Middle East, and price increases attributable to tariffs have also proven unpopular, hurting the president’s approval ratings even as poverty rates dip and incomes climb. asserted
incomes → spark → ratings
Roughly two-thirds of voters in a recent Fox News poll said that they believe the Trump administration is making the economy worse. asserted
economy → say → poll
Conservatives on social media have used the Census Bureau’s data to take a victory lap. asserted
Conservatives → use → lap
Every American should celebrate poverty rates are now the lowest on record. asserted
rates → celebrate → record
Good job everyone," Rep. Michael Baumgartner, R-WA, wrote on X. "Keep it going. asserted
Baumgartner → write → it
" "Good news we can all celebrate," Rep. Don Bacon, R-Nebraska, a critic of the president, posted. asserted
Bacon → celebrate → president
The number of people without health insurance also remained near historic lows, according to the Census Bureau. uncertain
number → remain → Bureau
Some on the left, however, deny that poverty rates are actually declining. " asserted
rates → deny → left
Our elites terrorize the entire world while ordinary Americans continue to foot the bill. asserted
Americans → terrorize → bill
We spent trillions ‘fighting’ the terror we created to provide cover for our oil barons stealing 3rd World resources," Twitch streamer Hasan Piker wrote on X Thursday. asserted
Piker → spend → X
"It only amounted to more death overseas, more poverty at home. asserted
It → amount → home
All while the [military industrial complex] ballooned. asserted
complex → balloon → ?
Even as Americans have gotten wealthier over the past few decades, the price of housing has significantly outpaced wage growth. asserted
price → get → growth
With personal homeownership holding strong cultural importance to Americans, rising home costs fuel pessimism in ways that improvements in other areas can’t necessarily offset. asserted
improvements → hold → areas
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