Presidential Debate Trump, Harris Economic Facts | Wilnesh News

When Vice President Kamala Harris and former President Donald Trump debate in Philadelphia on Tuesday night, they are expected to bring plenty of talking points about the U.S. economy.

Both Harris and Trump announced new economic proposals in the weeks leading up to the in-person debate hosted by ABC News. They also seek to portray competitors as a threat to the health and stability of the U.S. economy.

Keep these key numbers in mind as candidates try to paint the economy in favorable terms on Tuesday.

• 1.4%: Consumer Price Index for January 2021, at the beginning of the Biden-Harris administration. President Joe Biden has repeatedly The claim that he inherited 9% inflation from Trump is false.
• 9.1%: The CPI in June 2022 was the height of the post-pandemic inflation surge under Biden, and the highest level since 1981.
• 2.9%: The latest annual CPI reading was in July this year. This is the lowest 12-month inflation rate since March 2021.
• 19.4% According to CNBC analysis, prices have risen cumulatively since Biden and Harris took office. consumer price index data. Trump falsely claimed that cumulative prices have soared by more than 50% since January 2021.
• 7.8%: According to CNBC’s analysis of CPI data over time, prices have risen cumulatively in the four years since Trump took office.

• 14.8%： Unemployment rate hits record high in April 2020 single month During the Trump administration, employers experienced significant job losses due to Covid-19. This was also the time Maximum monthly rate since Bureau of Labor Statistics Unemployment was first tracked in 1948.

• 6.4%: The unemployment rate in January 2021 when Biden and Harris took office. This is the highest monthly rate so far in the Biden-Harris administration.

• 17.6%: this average hourly wage That number has increased since Biden took office, according to a CNBC analysis of BLS data. Biden claim During his presidency, wage growth outpaced inflation, but that was not the case as prices accumulated 19.4%.

• 15.9 million: Jobs created so far by the Biden-Harris administration Bureau of Labor Statistics data.
• 2.7 million: The number of net job losses during the Trump administration is largely due to the economic recession caused by the epidemic.

• 6.7 million: These jobs were added between January 2017, when Trump took office, and February 2020, just before the coronavirus pandemic plunged the U.S. job market.

• $8.4 trillion: Estimated total net spending by the Trump administration. Independents said the figure represents the total amount of borrowing Trump has approved over a 10-year period minus the amount of deficit reduction he has approved. committee for a responsible federal budget. If the Covid-19 stimulus and relief packages are removed from the total, that number drops to $4.8 trillion.

• $4.3 trillion: Estimated total net spending during Biden’s first three and five months in office, according to CRFB data. Without Biden’s main epidemic stimulus plan, the American Rescue Plan, the net total would fall to $2.2 trillion.

• 39.1%： According to CNBC’s analysis of U.S. Treasury data, the U.S. national debt grew by a percentage from the day Trump took office to the day Biden took office. Congressional Research Service.

• 30.6%: According to CNBC analysis, from Biden’s inauguration day to this month, the U.S. government debt grew by a percentage Treasury data.

• 2.7%: Based on average annual growth in U.S. gross domestic product from 2017 to 2019, the first three years of Trump’s presidency before the economic collapse caused by Covid-19 World Bank data. GDP measures the value of goods and services produced in the United States.

• 3.4%: From 2021 to 2023, the first three years of the Biden-Harris administration, the average annual GDP growth rate in the United States. That number has increased due to a hot 2021, in part because Trump and Biden passed a series of pandemic-era stimulus packages.

• 12.3%: average rate of return S&P 500 Index According to data, 2021 to 2023 are the first three years of the Biden-Harris administration Berkshire Hathaway.

• 16.3%: The average return of the S&P 500 from 2017 to 2019 (Trump’s first three years in the White House).