FOR IMMEDIATE RELEASE
July 22, 2026
Contact: minority_jecpress@jec.senate.gov
NEW DATA: Families Have Had to Spend $3,500+ More on Everyday Essentials Under President Trump
New State and Congressional District Fact Sheets on Rising Costs Under Trump
WASHINGTON – American families have had to spend $3,500+ more since President Trump took office last year, per new data released today by the Joint Economic Committee - Minority. The new data include national, state-by-state, and congressional district-level costs for everyday essentials, including gas.
“President Trump vowed to lower costs, but his tariffs and his ongoing war with Iran have made life even more expensive,” said U.S. Senator Maggie Hassan, Ranking Member of the Committee. “His reckless actions have only added to the financial strain on middle class families, which forces them to stretch every paycheck further while they continue to wait for the relief that Trump promised.”
Read the new fact sheets for each state here and each congressional district here. Key nationwide cost increases under Trump by type of expense included in the new Committee report are:
Housing Costs
- American families have had to spend $695 more on housing costs such as rent and mortgage payments since President Trump took office.
Energy Costs
- Gas prices have soared since the start of Trump’s Iran War. In total, people across the United States have spent $60 billion more on gas since the beginning of the war. That means the average family in the United States has spent $504 more on gas.
- Families in the United States paid $110 more for electricity in 2025 under President Trump than they did in 2024. And, in just the first six months of 2026, they are expected to spend an estimated $116 more for electricity than they did in the first half of 2024.
Grocery Costs
- Americans paid $310 more for groceries in President Trump’s first year than in 2024, and grocery prices are now more than 4 percent higher than when Trump took office.
- Beef and coffee prices are hitting Americans especially hard. Since the President took office, the average price of ground beef has risen almost every month to a record high of more than $7 per pound. Coffee prices also spiked and are now nearly $10 per pound.
Health Care Costs
- Because of Trump and Republicans’ refusal to extend the Affordable Care Act (ACA) tax cuts that help people afford their health insurance, monthly premiums for ACA plans rose over 50 percent on average in 2026 compared to last year. Meanwhile deductibles surged to record highs, increasing by more than $1,000 on average.
This report is part of Senator Hassan’s ongoing effort as Ranking Member of the Joint Economic Committee and as a member of the Senate Finance Committee to quantify the economic impact that President Trump’s policies have on American families. She will continue to push the Trump administration to reverse course on his tariffs, illegal war with Iran, and other harmful actions.
Click here to see the Committee’s national, state-by-state, and district-level fact sheets.
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