FOR IMMEDIATE RELEASE
August 13, 2026
Contact: minority_jecpress@jec.senate.gov
President Trump Pockets $2.2 Billion While American Families Lost $219 Billion in 2025
Trump More Than Triples His Income While Average Americans Face Higher Costs for Everyday Essentials Under His Watch
WASHINGTON – The U.S. Congress Joint Economic Committee - Minority issued a report today with new calculations that show that while President Trump made at least $2.2 billion in income in 2025, American families lost $219 billion to rising costs last year under Trump.
“The president is supposed to put the American people first, not profit off of them,” said Senator Maggie Hassan, Ranking Member of the Joint Economic Committee. “Yet President Trump has prioritized his own financial gain while hardworking families have been left to shoulder rising costs driven by Trump’s tariffs, war with Iran, and other actions. As Americans struggle to afford groceries, pay their utility bills, and make ends meet, the President continues to reward himself and his billionaire backers.”
The Committee found that the average American family lost about $1,625 in 2025 due to inflation under Trump. This means that last year, Trump personally profited more than 1.3 million times the amount that the average family lost. In 2026, rising costs under Trump have continued to hit families; as of June, the average family has paid $3,500+ more in inflation costs under Trump.
Trump’s personal profits have come from new ventures such as the Trump memecoin – which made him around $636 million while nearly one million people who invested in the coin lost, in total, billions of dollars. Trump also profited from Trump and Republican Party events held on his properties and from significant transactions that Trump enterprises conducted with foreign companies and foreign governments.
This report is part of Senator Hassan’s ongoing effort as Ranking Member of the Joint Economic Committee to quantify the economic impact that President Trump’s actions have on American families, including through her most recent speech on the Senate Floor where she called out President Trump’s continued efforts to raise costs for New Hampshire families. She will continue to push the Trump administration to reverse course on his tariffs, illegal war with Iran, and other harmful actions that have driven up costs in all 50 states.
Click here to read the full report.
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