Tuesday, March 24, 2026

Wealth gap is growing, Trump's policies are making it bigger

How's the economy?

Not bad if you're rich.

Demand for luxury yachts and private jets is surging thanks to last year's tax law. Sales of $10 million-plus mansions are booming as stocks hit new highs. And the wealthy and powerful will get to enjoy a new ballroom for galas at the White House.

Comments

More from the analysis ...

... What if you aren't rich?

The typical American can't afford the median-priced home. A new car is out of reach for many, with the average monthly payment exceeding $700. Food banks are seeing a growing number of people skipping meals because they can't afford groceries, and more middle-class Americans are selling their plasma to make ends meet.

The divide between rich and poor in America is the widest it's been in at least a generation -- and growing.

The amount of wealth held by the top 1% increased at more than double the rate of the bottom 90% in the first nine months of last year, according to Federal Reserve figures. ...

President Donald Trump's policies are amplifying these trends. One year into his second term, his administration has cut programs helping lower-income households while advancing policies benefiting the wealthy and corporations. He's signed legislation to cut food stamps and Medicaid benefits and put new restrictions on low-income housing assistance and student loans. To cope with higher costs from tariffs, he has suggested Americans buy fewer dolls for their children.

Meanwhile, the Trump administration has given billions of dollars in tax cuts to corporations and the wealthy and loosened regulations on banks while easing rules around cryptocurrency, which he's benefited from personally. ...


#1 | Posted by LampLighter at 2026-03-24 01:05 PM

Clearly, anybody who makes this claim is just jealous of "rich people".

#2 | Posted by Angrydad at 2026-03-24 01:49 PM

I agree with this but it's not as simple as "Trump's policies".

americancompass.org

#3 | Posted by eberly at 2026-03-24 02:16 PM

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