The winners and losers of Trumponomics
· World · Hindustan Times, The Economist
President Trump's policies have delivered sharply divergent outcomes across income groups, with the poorest tenth of households losing nearly 3% of after-tax income while the richest tenth gain almost 3%. The White House claims a blue-collar economic boom, citing 3% annual GDP growth in Q3, but sweeping tariffs have raised consumer goods costs by roughly 2% and will cost the average household $1,100 this year. Yale's Budget Lab estimates higher petrol prices from the Iran war will add another $1,000 to household costs by year's end. The One Big Beautiful Bill Act boosted average tax refunds by $340 and created $1,000 stock-market accounts for newborns, but its biggest gains went to richer Americans while tightening access to food stamps and Medicaid for the poor.
Why it matters
The poorest tenth of American households, earning around $37,000 after taxes, will lose nearly $1,100 this year under Trumponomics, while the richest tenth, with nearly $500,000 in after-tax income, will gain almost $15,000 — widening economic inequality.
Read the original report — Hindustan Times
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