{"id":2248059,"date":"2024-05-19T15:29:02","date_gmt":"2024-05-19T19:29:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/my-goodness-graphs-show-how-trump-dominates-biden-when-household-wealth-gets-hit-by-inflation\/"},"modified":"2024-05-19T15:33:17","modified_gmt":"2024-05-19T19:33:17","slug":"my-goodness-graphs-show-how-trump-dominates-biden-when-household-wealth-gets-hit-by-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/my-goodness-graphs-show-how-trump-dominates-biden-when-household-wealth-gets-hit-by-inflation\/","title":{"rendered":"Trump Outperforms Biden in Inflation Impact on Household Wealth \u2013 Graphs Reveal"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmy-goodness-graphs-show-how-trump-dominates-biden-when-household-wealth-gets-hit-by-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2248059&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A \u2063pair of viral graphs \u200bcomparing household wealth under former\u200c President \u200bDonald Trump and President Joe \u200bBiden\u200d highlight the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vaccines-schools-and-racist-insurance-fact-checking-bidens-town-hall-claims\/\" title=\"Vaccines, Schools And Racist Insurance: \u2018Fact-Checking\u2019 Biden\u2019s Town Hall Claims\">significant impact<\/a> of inflation.\u200c The Wall Street \u200bJournal&#8217;s report analyzed\u200d household \u200bnet worth, showing a 23% increase\u2062 during Trump&#8217;s first \u2063three years and a 19% increase during Biden&#8217;s first three years. Inflation-adjusted figures\u2064 revealed a 16% rise under Trump and\u200b 0.7% under Biden. Social media reactions varied, with comments reflecting astonishment and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-predicting-a-real-overhaul-after-months-of-controversy-over-covid-guidance-cdc-announces-a-revamp\/\" title=\"\u2018Not Predicting A Real Overhaul\u2019: After Months Of Controversy Over COVID Guidance, CDC Announces A Revamp\">political interpretations<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>A pair of graphs comparing household wealth under former President <a href=\"https:\/\/www.dailywire.com\/topic\/donald-trump\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a> and President <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a> are going viral on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-this-average-american-is-voting-for-donald-trump\/\" title=\"Why This Average American Is Voting for Donald Trump\">social media<\/a> this weekend, particularly for showing how <a href=\"https:\/\/www.dailywire.com\/topic\/inflation\" target=\"_blank\" rel=\"noopener\">inflation<\/a> creates a significant disparity between them.<\/p>\n<p>The Wall Street Journal published the illustrations last week <a href=\"https:\/\/www.wsj.com\/economy\/stock-market-performance-biden-trump-charts-1a83371b\" target=\"_blank\" rel=\"noopener\">in a report<\/a> that examined <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">household net worth<\/a>\u2014with the metric measuring stocks, bonds, cash, and property minus debts\u2014during Trump\u2019s first three years in office and Biden\u2019s first three years in office.<\/p>\n<p>Using information from the Federal Reserve, including seasonally adjusted data for the Biden years, the newspaper found total household net worth rose 23% during the first three years of Trump\u2019s presidency and 19% during the first three years of Biden\u2019s term.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Inflation-adjusted change in household net worth after three years in office:<\/p>\n<p>BIDEN: +0.7%<\/p>\n<p>TRUMP: +16% <a href=\"https:\/\/t.co\/3rh8loB1aS\">pic.twitter.com\/3rh8loB1aS<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1792198985018667391?ref_src=twsrc%5Etfw\">May 19, 2024<\/a><\/p>\n<\/blockquote>\n<p>When those figures were adjusted for inflation, The Wall Street Journal reported that net worth rose 16% during Trump\u2019s first three years in office and 0.7% during Biden\u2019s first three years.<\/p>\n<p>The graphs that illustrated the data on household wealth \u2014 which showed the inflation adjustment putting the Trump years line higher in relation to the line for the Biden years \u2014\u00a0were <a href=\"https:\/\/x.com\/RNCResearch\/status\/1792198985018667391\" target=\"_blank\" rel=\"noopener\">posted to X<\/a> on Sunday by the Republican National Committee and other accounts.<\/p>\n<p>\u201cThis is the difference between the Trump and Biden presidencies \u2014 inflation has destroyed everything, we all have less than we did before Biden entered office,\u201d <a href=\"https:\/\/x.com\/ClayTravis\/status\/1792210032601501997\" target=\"_blank\" rel=\"noopener\">said<\/a> OutKick founder Clay Travis, who shared the graphs on X.<\/p>\n<p>Scott Jennings, a CNN political commentator, <a href=\"https:\/\/x.com\/ScottJenningsKY\/status\/1792220690868847083\" target=\"_blank\" rel=\"noopener\">said<\/a>, \u201cAs Biden camp gropes for answers, this is all you need to know \u2026 about the president\u2019s struggles with every demographic.\u201d Journalist and podcast host Saagar Enjeti <a href=\"https:\/\/x.com\/esaagar\/status\/1792217460222877738\" target=\"_blank\" rel=\"noopener\">reacted<\/a> with a post that simply declared, \u201cMy goodness.\u201d<\/p>\n<p>Although the rate of inflation has slowed down from a <a href=\"https:\/\/www.reuters.com\/markets\/us\/us-consumer-prices-rise-less-than-expected-april-core-cpi-slows-2024-05-15\/#:~:text=The%20annual%20increase%20in%20consumer,in%20producer%20prices%20in%20April.\" target=\"_blank\" rel=\"noopener\">peak of 9.1%<\/a> in June 2022, consumer prices in April rose <a href=\"https:\/\/www.dailywire.com\/news\/april-inflation-hits-3-4-as-housing-gas-prices-remain-high\" target=\"_blank\" rel=\"noopener\">3.4%<\/a> when compared to the costs of goods and services one year ago, <a href=\"https:\/\/www.cnbc.com\/2024\/05\/15\/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html\" target=\"_blank\" rel=\"noopener\">according to federal statistics<\/a>.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p><a href=\"https:\/\/news.gallup.com\/poll\/644690\/americans-continue-name-inflation-top-financial-problem.aspx#:~:text=Forty%2Done%20percent%20of%20U.S.,with%20most%20readings%20under%2010%25.\" target=\"_blank\" rel=\"noopener\">Polling<\/a> from Gallup conducted last month showed that Americans named inflation or the high cost of living as the most important financial problem facing their families.<\/p>\n<p>Forty-one percent selected inflation or the high cost of living for the open-ended question, which is the highest figure yet in Gallup\u2019s annual Economy and Personal Finance poll.<\/p>\n<p>Biden and Trump are both now running campaigns seeking a second term in the White House with less than six months before the November election. In response to the Wall Street Journal graphs, the \u201cTeam Trump\u201d account on X <a href=\"https:\/\/x.com\/TeamTrump\/status\/1792223421532680256\" target=\"_blank\" rel=\"noopener\">said<\/a>, \u201cBETTER OFF WITH TRUMP.\u201d<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Viral graphs comparing household wealth under ex-President Trump and President Biden highlight inflation&#8217;s stark impact. The Wall Street Journal featured these illustrations in a recent report on household net worth<\/p>\n","protected":false},"author":1588,"featured_media":2248060,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/05\/GettyImages-2153468135-scaled-e1716138060413.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2248059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/05\/GettyImages-2153468135-scaled-e1716138060413.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2248059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2248059"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2248059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2248060"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2248059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2248059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2248059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}