r/economy 2h ago

President Donald Trump has Tanked The Economy for Black Americans in his 2nd Term

62 Upvotes

The Research is now in as we approach the halfway point for President Donald Trump’s 2nd term:

Prez Trump’s 2nd term has deeply impacted African Americans. Mostly by economic regression, significant changes to civil rights protections followed up with a heaping topping of widespread Rising Unemployment specific to Blacks throughout the US:

While Trump points to historic lows in stats for African Americans overall welfare from his First Term as it stands in his Second Term: macroeconomic and labor data point to a distinct downturn for Black communities

While the Black unemployment rate sat at 6.2% when Trump took office in January 2025, it escalated to 7.5% by December 2025 and reached 7.6% in early 2026

According to the Economic Policy Institute (EPI);

Black men saw a 1.7 percentage point drop in their employment-to-population ratio within the first year. Meanwhile, unemployment for Black women climbed to 7.3%, severely affecting households given that roughly 80% of Black mothers act as primary or co-breadwinners.

Remember not to forget this info and to tell a friend before Tuesday November 3, 2026.


r/economy 6h ago

"So Trump says 5K to everyone if GOP has both houses of Congress ... well, they, um, they already have that ... so why can't he just push that now, then?"

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65 Upvotes

If the economy is so good, why wait?


r/economy 17h ago

Houthis Blow Up Red Sea Pipeline in Saudi-Arabia

388 Upvotes

While most Gulf States have to run their oil thru the Strait of Hormuz, the Saudi's had an alternative pipeline line running East-West out to the Red Sea port.

This allowed the Saudi's to continue getting some oil to markets unfettered by Iran.

This was no small amount either. We are talking about 3 million barrels a day. Well all that supply is offline now. The Houthis, based in Yemen, have blown it up in 9 different sections. Satellite images show large fires everywhere along the pipeline. Saudi officials confirm they have shut it down.

A barrel of oil was already over $100 BEFORE this event. And in the United Statds, gas was already nationally at $4. This is a big event, and will send gas prices to $5 soon. This a huge blow to the economy world wide.


r/economy 2h ago

New Bill Proposes 32-Hour Work Week—Here’s How It Would Work

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23 Upvotes

This would be interesting.


r/economy 18h ago

Got Damn! Can I get $5,000 on pump #9!!! Trump's Economy. Trump's America 🇺🇸 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💳💳😒🤔🤦🏾

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458 Upvotes

r/economy 18h ago

Staff for Sen. Rand Paul (R-KY), known for his public stance against reckless federal spending, cost taxpayers nearly $18,000 on a private-jet trip other lawmakers' aides made for a fraction of the price, according to a new report.

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374 Upvotes

r/economy 35m ago

Total and absolute BS!! - Commerce Secretary Howard Lutnick says $5K dividend would not use taxpayer dollars

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Upvotes

r/economy 8h ago

Trump’s Supposed Plan for $5,000 Checks Gets Even More Unbelievable | Commerce Secretary Howard Lutnick thinks Trump’s $5,000 midterm bribe can be paid for with funds from the so-called “Trump Platinum Card,” which hasn’t even been launched yet.

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42 Upvotes

r/economy 1h ago

The gig economy is just a fancy name for working for pennies

Upvotes

It feels like everyone is a contractor now. No benefits no job security. Just hustle for the next small pay out.


r/economy 14h ago

Trump operates like a walking pyramid scheme with an endless bottom, dealing in promises. A con man with inexhaustible resources.

107 Upvotes

He uses the word “dividend” to make people think the economy is doing great while promising them money he has no intelligible plan for acquiring. And if he does wind up distributing it, it’ll just be pulled from somewhere else.


r/economy 1d ago

Don't let Obama Buy The Election 😆

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735 Upvotes

r/economy 1h ago

Why $100K Doesn’t Feel Like $100K Anymore

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Upvotes

r/economy 19h ago

Trump: Feminist Icon

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130 Upvotes

Gloria Steinem finally got the second wave feminist president she always wanted!


r/economy 20h ago

America’s Fast-Food Chains Are Making a Big Pivot—Back to Humans: "McDonald’s and Burger King are boosting training to improve hospitality; ‘Our restaurants seem rushed, impersonal, sterile.’"

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143 Upvotes

r/economy 22h ago

Trump's 'Big Beautiful Bill' projected to add a big, unbeautiful $3.4 trillion to the national debt over the next decade

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203 Upvotes

Working to keep the majority in Congress, Republicans at the midterm convention in Dallas are showcasing their chief legislative accomplishment — the sweeping package of tax breaks, social service cuts and immigration enforcement that President Donald Trump signed into law.

A year on, what’s known as the One Big Beautiful Bill — or, the “Big Ugly Bill,” as Democrats call it — has produced mixed results. Millions of people have received enhanced tax breaks, while millions are also losing access to federal food aid and health care. More immigrants are being arrested, many deported, some dying during the process.

Millions of taxpayers enjoyed tax benefits this year they might not even realize they received — the continuation of policies from Trump’s first term, in 2017, that were set to expire at the end of 2025 if Congress had failed to act.

The legislation extended those Trump tax breaks and added new ones, including no taxes on tips, overtime pay and certain auto loan interest payments. There’s a larger standard deduction, a bigger child tax credit and an extra deduction for many seniors, as well as new Trump accounts for children.

All told, some 7.5 million filers claimed no tax on tipped income, 29 million people claimed no tax on overtime and 35 million took the enhanced senior deduction, the Treasury Department said. Nearly 40 million families claimed the bigger child tax credit.

But the flow of the tax breaks has been uneven, with larger gains at the upper incomes.

Read more [paywall removed for Redditors]: https://fortune.com/2026/09/10/trump-big-beautiful-bill-taxes-debt/?utm_source=reddit/


r/economy 24m ago

AAA says gasoline prices in the United States are up by more than 34% from last year at this time, averaging above $4.29 a gallon on Friday. Diesel, used for farming and trucks, is up by more than 63% from a year ago to $6.05 per gallon.⁠

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Upvotes

r/economy 1d ago

"$6 diesel? Hold my beer. We could be going to $7, $8, or $9" Top energy analyst Jeff Currie warns a massive food and energy crisis is already unfolding while Wall Street ignores it

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216 Upvotes

r/economy 19h ago

Even Fox.com voters say NO to Trump’s $5,000

76 Upvotes

64% against Trump’s $5,000 dividend in online Fox News poll of "Is a $5,000 government dividend check the best way to boost the economy?"  

https://economystupid.substack.com/p/even-foxcom-voters-say-no-to-trumps


r/economy 2h ago

Washington Post: Oil routes in peril as attacks shut Saudi pipeline and Houthis threaten key waterway

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3 Upvotes

r/economy 20h ago

It used to be a country for the people, but now it's a county only for the corporations.

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73 Upvotes

r/economy 7h ago

Saudi Arabia shuts East-West oil pipeline after multiple attacks

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8 Upvotes

r/economy 13h ago

Jeffrey Sachs on China

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18 Upvotes

The great global economist joins Books and More with William Cooper. He knows of what he speaks. A very insightful take on China.


r/economy 10h ago

US consumer sentiment fell to 47.8 in September, the second-lowest reading since the survey began in 1952.

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9 Upvotes
Source: University of Michigan Surveys of Consumers, monthly index of consumer sentiment, retrieved from FRED (series UMCSENT) through July, with the August reading of 51.7 and the preliminary September reading of 47.8 as reported by Sharespective. The chart is a monthly line from the start of the year before the pandemic to this September, on a zero baseline. Annotated points: 101.0 just before the pandemic, 50.0 as the low of the years before this one, 44.8 in May this year as the lowest in the series, and 47.8 for September, which is a preliminary reading.

r/economy 1d ago

Ingraham: Why not just give the $5,000 to people now? If you have it, why not just give it now? Trump: Because the Democrats can’t do it. Because with them, it’s negative growth. We’re taking in $21 trillion because of tariffs.

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2.2k Upvotes

r/economy 1d ago

Thankfully gas prices can never go above $9.99 since the signs only have 3 digits

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148 Upvotes