Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    California Voters Reject Proposition 40 Billionaire Tax

    November 10, 2026

    10 Hacks Every Waze User Should Know

    November 10, 2026

    He Has 85 Million Subscribers. He Says AI Can’t Replace This.

    November 10, 2026
    Facebook X (Twitter) Instagram
    Trending
    • California Voters Reject Proposition 40 Billionaire Tax
    • 10 Hacks Every Waze User Should Know
    • He Has 85 Million Subscribers. He Says AI Can’t Replace This.
    • Web3Auth espone chiavi di wallet Keplr: trasferiti 5,6 milioni di dollari in indirizzi di recupero – BitRss
    • How to find and fix your AEO keywords gap
    • Is Jensen Huang’s job on the line? Yale’s Jeffrey Sonnenfeld estimates it’s “about a 50-50”
    • Washington Voters Reject Push To Repeal Millionaires Tax
    • Do Peanuts Go Bad? Yes. See What The Experts Say
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Is Jensen Huang’s job on the line? Yale’s Jeffrey Sonnenfeld estimates it’s “about a 50-50”

      November 9, 2026
      Read More

      Binance CFO is leaving to ‘pursue a new venture’ after $6.3 billion hack

      November 8, 2026
      Read More

      Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M

      November 6, 2026
      Read More

      Waymo confirms it will split with Uber in January 2028

      November 5, 2026
      Read More

      Google takes Dreambeans to India in bid to bring AI-generated personal stories to the masses

      November 3, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Finance»Trump Says ‘We Have The Best Poverty Numbers Ever’ — But Economists Have A Brutal Fact-Check
    Finance

    Trump Says ‘We Have The Best Poverty Numbers Ever’ — But Economists Have A Brutal Fact-Check

    By Staff WriterSeptember 30, 20265 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Donald Trump told reporters outside the White House on Sunday that the U.S. has the “best poverty numbers,” referring to the U.S. Census report released earlier this month.

    “We have the best, I guess you could say poverty, they talk poverty,” Trump said. “We have the best poverty numbers ever in the history of our country.”

    Trump: “We have the best, uhh, I guess you could say poverty. They talk poverty. We have the best poverty numbers ever in the history of our country.” pic.twitter.com/W3cKHR8ReZ

    — Aaron Rupar (@atrupar) September 27, 2026

    The White House confirmed with HuffPost that Trump was referring to the U.S. Census report from Sept. 15, which said that poverty levels had dropped to a historic low in 2025, with just 10.2% of the population — 34.5 million people — reporting their income fell below the federal poverty line. The official federal poverty line threshold for 2025 was $32,642 in pre-tax cash income for a family of four.

    But economists told HuffPost the statistic does not accurately reflect how hard federal policy changes — particularly the One Big Beautiful Bill Act — are hitting households this year.

    Steven Durlauf, an economist and social scientist, and inaugural director for research on wealth inequality and mobility at the University of Chicago, told HuffPost that the “historic low” claim only applies to “the official (and inferior) measure,” referring to the Official Poverty Measure (OPM).

    Durlauf emphasized that experts rely on the Supplemental Poverty Measure (SPM), which includes both cash and non-cash benefits, and subtracts any necessary expenses, such as taxes or medical care. (The Official Poverty Measure only looks at pre-tax cash.)

    The SPM was at 13.1% in 2025, not statistically different from 2024, according to the U.S. Census Bureau, but up significantly from 7.8% in 2021, Durlauf said.

    “We have the best, I guess you could say poverty, they talk poverty,” Trump said. “We have the best poverty numbers ever in the history of our country.”
    “We have the best, I guess you could say poverty, they talk poverty,” Trump said. “We have the best poverty numbers ever in the history of our country.”

    The increase between 2021 and 2025 isn’t a mystery, according to Durlauf — 2021 was the one year the temporary Advance Child Tax Credit was in effect. When it lapsed in 2022, child poverty — measured under the SPM — jumped to 12.4%.

    “The ability of the [Child Tax Credit] to dramatically reduce the poverty rate shows that the rate is a policy choice,” Durlauf told HuffPost. “The Trump tax cuts will reduce revenue by about $400 billion per year. The CTC cost about $110 billion.”

    Jason Furman, who former President Barack Obama named as the chair of the Council of Economic Advisers in 2013, agreed with Durlauf that Trump’s claims only rely on the Official Poverty Measure.

    “Unlike some of his other wild statements, he is making a factually defensible claim,” Furman told HuffPost. “Two big issues, however. First, most experts prefer the Supplemental Poverty Measure, also published by the Census, which incorporates the effects of government programs and a more accurate measure of poverty in general.”

    “By that more accurate measure, the poverty is the highest [it] has been since 2017,” Furman said. “More importantly, President Trump’s policies have exacerbated poverty, not reduced it.”

    Demo

    The Census Bureau has used OPM since the 1960s, while the SPM was introduced in 2010, and had its cutoffs adjusted in 2016 and 2020, according to the Census. Bruce Meyer, a professor at the University of Chicago’s Harris School of Public Policy, told HuffPost that the history could be part of why the administration leans on the older measure.

    “[The best measure would] rely on people’s actual ability to buy food, clothing, and other goods (consumption), and those that include in-kind transfers like SNAP and housing assistance, but don’t keep moving the goalposts,” Meyer said.

    SPM poverty in 2017 was at 13.9%, according to the Census data. No year between 2017 and 2024 has been as high — though still below 2017 itself.

    Trump’s One Big Beautiful Bill Act slashed Medicaid, cut the Supplemental Nutrition Assistance Program (food stamps) and other public benefits that help the millions of people teetering on the poverty line in the U.S.

    “Those cuts are reflected in the more accurate Supplemental Poverty Measure, and omitting them is one of the flaws in the official measure and why experts generally don’t rely on it to gauge either poverty or the impact of policy,” Furman said.

    The number of children who received SNAP benefits fell by 1.2 million from July 2025 to July 2026, according to the Center on Budget and Policy Priorities’ August report. Overall, 13% or more than 5 million people no longer have SNAP benefits.

    “The declines started before the harmful 2025 Republican reconciliation law’s enactment, suggesting factors at play in addition to that law,” the report said. “But in almost all states, declines in SNAP participation accelerated after the 2025 Republican reconciliation law, and we expect that trend to continue.”

    “I expect poverty rates to increase as the effects of the [One Big Beautiful Bill] work their way through,” Durlauf said. “Large reductions in Medicaid and SNAP access have occurred and will grow. … Reduction of federal college aid will mean less education and will fall on the children of the less advantaged. So the longer-run prognosis is grim.”



    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleProfound vs. Athena AI for AEO: How the tools compare
    Next Article Trump Admin. Plays Silly Defense After NFL Asks That Video Of Hall Of Famer Be Deleted

    Related Posts

    California Voters Reject Proposition 40 Billionaire Tax

    November 10, 2026
    Read More

    Washington Voters Reject Push To Repeal Millionaires Tax

    November 9, 2026
    Read More

    Live Updates: U.S. Hiring Picks Up and Unemployment Falls

    November 7, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Wall Street Slumps As Alphabet, Qualcomm And Other Tech Stocks Fall

    February 7, 2026212
    Don't Miss
    Finance

    California Voters Reject Proposition 40 Billionaire Tax

    By Staff WriterNovember 10, 20263 Mins Read

    California voters rejected a ballot measure that would have implemented a one-time wealth tax on…

    Read More

    10 Hacks Every Waze User Should Know

    November 10, 2026

    He Has 85 Million Subscribers. He Says AI Can’t Replace This.

    November 10, 2026

    Web3Auth espone chiavi di wallet Keplr: trasferiti 5,6 milioni di dollari in indirizzi di recupero – BitRss

    November 9, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    Find More
    Trending News
    • California Voters Reject Proposition 40 Billionaire Tax
    • 10 Hacks Every Waze User Should Know
    • He Has 85 Million Subscribers. He Says AI Can’t Replace This.
    • Web3Auth espone chiavi di wallet Keplr: trasferiti 5,6 milioni di dollari in indirizzi di recupero – BitRss
    • How to find and fix your AEO keywords gap
    • Is Jensen Huang’s job on the line? Yale’s Jeffrey Sonnenfeld estimates it’s “about a 50-50”
    • Washington Voters Reject Push To Repeal Millionaires Tax
    • Do Peanuts Go Bad? Yes. See What The Experts Say
    • My Father Is Dying, And I’m Hiding A Secret From Him
    • Gen Z Is Sick of Greenwashing — It’s Time to Focus on Authenticity
    Other News
    • Business
    • Feel Good
    • Finance
    • Fitness
    • Health
    • Investment
    • Lifestyle
    • Marketing
    • Politics
    • Small Business
    • Technology
    • Top Stories
    • Travel
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    California Voters Reject Proposition 40 Billionaire Tax

    November 10, 2026

    10 Hacks Every Waze User Should Know

    November 10, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    Categories
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.