A pair of graphs comparing household wealth under former President Donald Trump and President Joe Biden are going viral on social media this weekend, particularly for showing how inflation creates a significant disparity between them.
The Wall Street Journal published the illustrations last week in a report that examined household net worth—with the metric measuring stocks, bonds, cash, and property minus debts—during Trump’s first three years in office and Biden’s first three years in office.
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’s presidency and 19% during the first three years of Biden’s term.
Inflation-adjusted change in household net worth after three years in office:
BIDEN: +0.7%
TRUMP: +16%
