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US economy notches remarkable new record, sparking cheers: ‘Good job everyone’
Currently.com • • business
Key Points:
- The U.S. poverty rate fell to a historic low of 10.2% in 2025, while inflation-adjusted median household income reached a record $87,460, according to Census Bureau data.
- Despite these improvements, about 85% of Americans reported their personal financial situation as worsening or unchanged throughout 2025, reflecting widespread economic pessimism.
- Economic growth has been stronger in Southern states, driven by internal migration and business-friendly policies, contrasting with stagnation in some blue states.
- High gas prices and tariffs, linked to President Trump's policies and military actions in the Middle East, have contributed to negative public perceptions of the economy and the administration.
- The number of uninsured Americans remained near historic lows, but rising housing costs continue to fuel financial anxiety and dampen optimism despite overall income gains.
