# Trump's economic winners and losers

> Trump's policies boost rich Americans while hurting middle class.
- Title: Trump's economic winners and losers · mint | Shortify
- Summary: Trump's policies boost rich Americans while hurting middle class. Trump's economic policies cost poor households 3% of income but benefit rich households by…
- Keywords: trump, economy, wages, tariffs, tax cuts, middle class, poor households, rich households, news, india, Trump's, economic
- Source: mint — https://livemint.com/global/the-winners-and-losers-of-trumponomics-11793114519233.html
- Published: 2026-10-27T15:32:17+00:00
- Read time: 1 min
- Topics: trump, economy, wages, tariffs, tax cuts, middle class, poor households, rich households, news, india
## Trump's economic promises
Donald Trump promised a golden age of jobs, paychecks, and economic prosperity for Americans before the 2024 election.

> the best jobs, the biggest paychecks, and the brightest economic future the world has ever seen
## Economic growth claims
The White House claims Trump's policies are driving up wages and fueling a blue-collar boom, with output expanding at 3% annually.
## Tariff impacts
Tariffs have raised consumer goods costs by 2% and will cost the average household $1,100 this year, according to the New York Fed.
## Tax policy effects
Trump's tax-and-spending law boosted tax refunds by $340 on average but tightened food stamp access, affecting over 5m Americans.
## Income distribution
The poorest tenth of households lose 3% of income, while the richest tenth gain 3% under Trump's policies, according to The Economist analysis.
## Housing costs
Mortgage rates have climbed above 7%, adding $11,000 to new home costs and increasing labor costs by 4.2% for builders.
## Job market shifts
Private-sector wage growth slowed to 3%, with real hourly pay 0.7% lower than a year ago, and manufacturing jobs fell by 20,000 since January 2025.
## Wealth inequality
The S&P 500 rose $17 trillion, but 90% of gains went to the richest tenth of households, while the poorer half gained only 0.6%.
## Key takeaway

Trump's economic policies cost poor households 3% of income but benefit rich households by 3%.