The Daily Signal Trump Turned Biden’s ‘Anemic’ Net Wealth Grow Into a Rocket Sled on Rails | E.J. Antoni
Feb 2, 2026
A rundown of how inflation and its end reshaped household wealth. Discussion of a rapid $9 trillion real wealth surge in 2025. Comparison of nominal versus inflation-adjusted gains under recent administrations. Examination of policy drivers like tax cuts, regulation rollback, energy expansion, and immigration enforcement. Notes on lingering debt burdens and shifting wage dynamics.
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Inflation Masked Wealth Gains
- Inflation under Biden made nominal wealth gains largely illusory, with over 90% of the rise explained by price increases.
- Real household net wealth grew only about 2.0% over four years, an anemic pace according to Elaine Culotti.
Rapid Real Wealth Rebound In 2025
- Under Trump in 2025, real household net wealth rose more than $9 trillion, a gain over 7% in just three quarters.
- Annualized, those gains imply roughly a 10% real growth rate, outpacing prior terms.
Policy Changes Fueled Productivity
- Culotti credits tax, energy, and regulatory reforms for high productivity and growth near 5% or more.
- She links rising productivity to faster wage growth and stronger corporate profits boosting stock wealth.