The data show voters are not better off under Harris

Recent data from the U.S. Census Bureau reveals that the average household is financially worse off than it was four years ago, primarily due to inflation. The median household income in 2023 stands at $80,610, a decrease from $81,210 in 2019, despite a significant increase during the Trump administration. This decline in economic well-being is particularly pronounced among black households, with over half spending more than 30% of their income on rent. Poverty rates have also risen under the current administration, increasing from 12.4% to 12.9% in the past year. The economic landscape has shifted dramatically since the onset of the COVID-19 pandemic. While the Trump administration saw job growth of over 12 million at a rate of nearly 1.4 million jobs per month, the Biden-Harris administration has experienced a slowdown, with job growth averaging only 400,000 per month. This decline in job creation coincides with a significant rise in inflation, which surged to 9.1% due to extensive government spending. Critics argue that the Biden-Harris administration's prolonged COVID-19 shutdowns and a $1.9 trillion spending package have exacerbated economic challenges, leading to record inflation and increased financial strain on households. The administration's economic policies have drawn unfavorable comparisons to those of the previous administration, with many voters expressing a preference for Trump's approach. As the 2024 election approaches, public sentiment reflects a belief that economic conditions were more favorable under Trump. The data suggests that the current administration's policies have not only failed to improve the economic situation but have also contributed to a decline in household financial stability.