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Scott Bessent: U.S. official poverty rate dropped to record low in 2025

Scott Bessent: U.S. official poverty rate dropped to record low in 2025
U.S. poverty rate hits record low 2025

The official poverty rate in the U.S. fell to its lowest recorded level in 2025, while real median household income reached an all-time high, rising 2.6 percent.

Scott Bessent highlighted these economic figures, attributing them to President Donald Trump's pro-growth agenda and its impact on American families and workers.

Earlier in the year, Bessent reported that the U.S. Treasury and IRS issued guidance aimed at tax-driven investment strategies. He also documented Treasury efforts to combat improper payments, confirming that $175 million in payments were returned and Do Not Pay system access was expanded. These developments align with his ongoing coverage of federal financial management.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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