Monday, May 27, 2024
HomepoliticsBiden admin claims economic policies are 'working,' but its own data paint...

Biden admin claims economic policies are ‘working,’ but its own data paint a very different picture

The White House and officials in President Biden’s administration are claiming that Bidenomics is working despite a decrease in household income and an increase in the poverty rate.

Data released by the United States Census Bureau on Tuesday revealed that the real median household income fell from $76,330 in 2021 to $74,580 in 2022, a drop of 2.3%. While the official poverty rate remained statistically unchanged from 2021 to 2022, the Supplemental Poverty Measure (SPM) rate, which measures the participation in government programs increased to 12.4% in 2022, up 4.6% in 2021. 

The Supplemental Poverty Measure child poverty rate more than doubled to 12.4% in 2022 from 5.2% in 2021, the data shows.

During an early August interview with CNN, White House Press Secretary Karine Jean-Pierre said Bidenomics is “working” when people look at the data.

“Costs is going down,” she said. “When you think about inflation. When you think about wages going up. That is Bidenomics.”

Joe Biden in August 2023

Joe Biden speaks during a meeting with members of the King family and organizers of the 60th anniversary of the March on Washington, in the Roosevelt Room of the White House in Washington, DC, on August 28, 2023. (SAUL LOEB/AFP via Getty Images)

“Americans are coming out of a pandemic. We are dealing with a lot when you think about the economy. But here’s the thing, this is a president who has spent the last two years turning the economy around,” she said. 

Fox News’ Breck Dumas contributed to this report.

Adam Sabes is a writer for Fox News Digital. Story tips can be sent to and on Twitter @asabes10.


Most Popular