Record Incomes, Soaring Inequality The latest Census Bureau data show that American households reached a record median income of $87,460 in 2025.
However, this milestone masks a more complex reality: economic progress has largely benefited the top tier, leaving most households to struggle with stagnant wages.
Tax code revisions under the "One Big Beautiful Bill" act (OBBBA), signed into law by President Trump in July 2025, are partly responsible for this disconnect.