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From Trump campaign:
There couldn’t be more of a difference between the economic records of President Donald J. Trump and Kamala Harris — and the proof is in the numbers:
MANUFACTURING
- Kamala killed 46,000 manufacturing jobs last month and 85,000 jobs over the past six months. In fact, after nearly four years, Kamala has actually LOST 22,000 manufacturing jobs when taking into account jobs added back post-pandemic and massive downward revisions.
- Manufacturing has been on the decline since she took office as the industry sees some of the fastest contractions on record.
- Manufacturing industrial production is down -0.5% from one year ago, while the number of job openings in the manufacturing sector has cratered by -20.8% (-126,000 jobs) over just the past year.
- President Trump created 414,000 manufacturing jobs in his first 38 months.
GAS PRICES
- Under President Trump, the nationwide average for regular gas never rose above $3/gallon. Under Kamala, it has been above $3/gallon for 1,271 days in a row — or 92% of her time in office.
- Under President Trump, gas prices averaged $2.48/gallon. Under Kamala, gas prices have averaged $3.49/gallon — more than a dollar higher.
- Under President Trump, gas prices fell below $1/gallon in 13 states. Under Kamala, gas prices hit new record highs in ALL 50 states.
HOUSEHOLD INCOMES
- In President Trump’s first three years, Americans saw a 10.5% boost ($7,690) in median household income — seven times larger than the 1.3% increase ($1,050) after the first three years of Kamala.
- Under President Trump, Black Americans saw a 9.2% increase ($4,540) — nearly twice as high as the increase under Kamala ($2,650).
- Under President Trump, Hispanic Americans saw an 11.7% increase ($6,960) — ten times higher than the increase under Kamala ($700).
- Under President Trump, Asian Americans saw a 14.4% increase ($14,600) — ten times higher than the increase under Kamala ($1,500).
- Under President Trump, White Americans saw a 10.8% increase ($8,320) — ten times higher than the increase under Kamala ($830).
EARNINGS
- Under President Trump, real average weekly earnings increased 8.2%. Under Kamala, real average weekly earnings have declined 3.4%.
- Men saw a 5.6% increase ($3,620) in real median earnings after President Trump’s first three years. Men saw a 7% decrease (- $4,990) after three years of Kamala.
- Women saw an 8.1% increase ($4,170) in real median earnings after President Trump’s first three years. Women saw a 7.4% decrease (- $4,430) after three years of Kamala.
SAVINGS
- In President Trump’s first three years, the personal savings rate rose from 5.3% in 2017 to 19.3% in 2021 — a 264% increase. In Kamala’s first three years, the personal savings rate fell from 19.3% in 2021 to 2.9% in 2024 — an 85% decrease.
HOMEOWNERSHIP
- Under President Trump, the average 30-year fixed mortgage rate decreased by 32% between 2017 and 2021. Under Kamala, the average 30-year fixed mortgage rate increased by 120% between 2021 and 2024.
- When President Trump left office, the average 30-year fixed mortgage rate was 2.77%. Under Kamala, the average 30-year fixed mortgage rate hit 7.79% — a 23-year high.
- Under President Trump, the rate of homeownership increased by 2.1%. Under Kamala, the rate of homeownership decreased by 0.2%.
CREDIT CARD DEBT
- Under President Trump, the credit card delinquency rate fell by 11% between 2016 and 2020. Under Kamala, credit card delinquency skyrocketed by 54% between 2020 and 2024.
- Americans’ credit card debt hit a record $1.14 trillion under Kamala.
- Americans’ credit card debt has increased by 39% since Kamala took office.
POVERTY
- In President Trump’s first three years in office, more than 6.6 million Americans were lifted out of poverty. In Kamala’s first three years, just 760,000 Americans were lifted out of poverty.
- After three years of President Trump, 1.6 million Hispanic Americans, 1.1 million Black Americans, and 450,000 Asian Americans were lifted out of poverty. After three years of Kamala, 330,000 Asian Americans and 370,000 Hispanic Americans fell into poverty.
